A report by a crypto asset manager has revealed that asset management firms around the globe made a rush to become crypto ETF investors this year.
Institutional crypto investors have been bullish on the spot crypto ETFs in the US since the latter’s inception. Moreover, the current lot of crypto ETF investors includes global reputed firms such as Goldman Sachs and others. A crypto asset manager recently revealed this information and shared the details regarding it.
The crypto asset manager, CoinShares, revealed the latest list of institutional crypto investors. According to the report, Avenir Tech, Capula Management, and Goldman Sachs have collectively bought stakes worth over $1 billion in the Bitcoin ETFs. Regulatory filings in the US also reaffirm the information.
Meanwhile, the report also shared the fund inflows of the ETFs and noted, “Unusually, every region saw inflows last week suggesting unanimous positive sentiment towards the asset class following the recent price correction. Most notable was the US, Switzerland, Brazil and Canada with US$89m, US$20m, US$19m and US$12.6m respectively.”
Spot Bitcoin ETFs are subject to rigorous regulatory oversight, ensuring that they adhere to established standards and practices. This can be especially important for institutional investors who need to comply with specific regulations. Thus, the green signals for these crypto ETFs have paved the way for exponential crypto adoption.
ETFs also offer a familiar and accessible investment vehicle for institutional investors. They can be traded on regular stock exchanges, making it easier for institutions to integrate Bitcoin into their existing portfolios. As a result, even retail investors might find it easier to invest in crypto through ETFs.
At the same time, Bitcoin can be used as a hedge against inflation, making it an attractive investment. Many investors have cited this factor as the reason for crypto investments. In turn, the ETFs make such investments comparatively seamless.
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