More than 600 companies, including JP Morgan, Morgan Stanley, and UBS, were found to have invested in spot Bitcoin ETFs.

Investment banking giants including Morgan Stanley, JPMorgan and UBS are among 600 companies that have invested billions of dollars in spot Bitcoin exchange-traded funds (ETFs).

According to 1The 3F filing with the U.S. Securities and Exchange Commission (SEC) provides the following facts:Professional investment management firms have allocated approximately $3.5 billion to discover Bitcoin ETFs.

Millennium Management Emerges as Largest Spot BTC ETF Investor

Millennium Management, an alternative investment firm with over $64 billion in assets under management, is the largest investor in the BTC ETF. $1.9 billion. The largest position is BlackRock’s iShares Bitcoin Trust (IBIT) at $844.2 million.

Millennium also invested in four spot Bitcoin ETFs: Fidelity’s Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Trust (GBTC), ARK 21Shares Bitcoin ETF (ARKB), and Bitwise Bitcoin ETF (BITB).

The second largest investor is Schonfeld Strategic Advisors, a hedge fund boasting $13 billion in assets under management. The filing shows the company invested $248 million in BlackRock’s IBIT and $231.8 million in Fidelity’s funds.

$ goes We reported 414 holders in our first 13F season, which is an incredible record. Even having 20 carriers as a newborn is bfd and very rare. Here’s a look at how the btc ETF compares on this metric to other ETFs launched in January (aka the class of 2024). pic.twitter.com/ngicEdbaTq

— Eric Balchunas (@EricBalchunas) May 16, 2024

Morgan Stanley has emerged as one of the largest holders of GBTC. The investment giant owns $269.9 million worth of shares, according to the filing.

Meanwhile, other financial giants such as JPMorgan, Wells Fargo, UBS, BNP Paribas, and Royal Bank of Canada have also disclosed investments in spot Bitcoin ETFs.

More capital could soon be flowing into Bitcoin ETFs.

More capital could soon enter the fast-growing Bitcoin ETF market, which has experienced a strong start following the launch of 11 funds in the U.S. in January.

sovereign wealth fundPension funds and endowments are among those expected to pour money into these investment products, according to BlackRock. This comes after the fund management giant said he had “continued hard work and research conversations” with a number of fund managers.

As reported by Morgan Stanley Considering We expand the sales of these funds by giving our 15,000 brokers the ability to drive customer purchases.

Until now, Wall Street giants have only sold these investments in unsolicited ways. This means that clients should request to include spot Bitcoin ETFs in their investment portfolios.

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