By Suzanne McGee
(Reuters) – Asset managers, ranging from wealth management companies to hedge funds and retirement funds, have strengthened the allowances to American negotiated funds linked to the Bitcoin price in the fourth quarter of 2024, while the Price of the largest cryptocurrency in the world has climbed out of 47. %, according to recent regulatory deposits.
The Wisconsin State Investment Office revealed in its quarterly 13-F deposits to the Securities and Exchange Commission that its Bitcoin Etf Holdings has more than doubled in the last three months of last year, At 6 million shares from the Ishares Bitcoin Trust ETF by December 31. .
Other major investment funds have also strengthened their assets in ETFs, launched in January 2024.
Tudor Investment Corp, a systematic manager of hedge funds, reported his assets on the FNB of Ishares – now the largest of the pack, with more than $ 55 billion in assets – has climbed to 8 million shares, against 4.4 million shares. The value of these assets has also skyrocketed, reflecting the Bitcoin value jump, reaching $ 426.9 million, against $ 159.9 million in late September. Tudor did not immediately respond to a request for comments.
A sovereign heritage fund of Abu Dhabi, Mubadala Investment CO, reported its first foray into the Bitcoin ETF in the fourth quarter, taking an participation of 8.2 million in the FNB Ishares which was worth $ 436.9 million.
Haid Fund Hunting Hill Capital had no exposure to these FNB at the end of the third quarter, but on December 31, he had been reappeared as an important investor, with positions of approximately $ 131 million ‘Here the end of the year.
“We have been actively negotiated in the wider Crypto ETF complex, and the time of the third quarter depot may not be aligned when we bought and sold various ETF,” said Adam Guren, founder and director of the Company investments.
The ranks of those who add to positions included financial consulting firms whose customers were eager for Bitcoin ETF buyers. This Advisors and Newedge Advisers were one of the companies that stimulated assets in several of the FNBs, including the products offered by Fidelity, Ark Investments and Investco.
Other investors were more selective, according to deposits. CRESSET Asset Management has strengthened its exposure to ETFs on lower costs, said Jack Abblin, business director of the company.
“It is also possible at the moment to obtain prices of attractive options for collar strategies, allowing us to protect the drawback while giving less increase in exchange, on these Bitcoin funds,” said Ablin.
