There is a strong institutional presence in U.S. spot crypto exchange-traded funds (ETFs), with investment advisors taking a commanding lead, according to the recent SEC filings.
Investment advisors now hold over $10.28 billion in spot bitcoin BTC ETF assets, representing 124,753 BTC. Investment advisors hold nearly half of the total crypto assets declared by the various funds. Hedge fund managers are second holding $6.9 billion worth of BTC ETF, or nearly 83,934 BTC, followed by brokerages and holding companies.
These figures, highlighted by Bloomberg ETF analyst Eric Balchunas, underscore how advisors have surged to the top “number one by a mile.”
Balchunas estimates that 13F filers currently make up about 20% of total spot Bitcoin ETF assets, a number likely to grow to 35%–40% as traditional finance embraces the product.
There is a similar trend with ether ETH. Advisors lead with $582 million in exposure, representing 320,089 ETH, while hedge funds hold $244 million, or 134,469 ETH, according to Bloomberg ETF analyst James Seyffart.
The total institutional ETH ETF exposure now stands at over $1.06 billion, or 587,348 ETH. Though smaller than bitcoin’s footprint, it signals rising interest in diversified crypto exposure.