AsianFin -- Filings by the U.S. Securities and Exchange Commission shows that the asset management industry, including wealth management firms, hedge funds, and pension funds, significantly increased their holdings in U.S.-listed Bitcoin Exchange Traded Funds (ETFs) in the last quarter.
Among the notable investors, the Wisconsin Investment Board increased its holdings in the Grayscale Bitcoin Trust ETF, doubling its shares to 6 million. Hedge fund Tudor Investment raised its stake in the same Bitcoin ETF from 4.4 million shares in Q3 of last year to 8 million shares by the end of the year, with the total value of its holdings rising from $160 million to $427 million.
Additionally, the Abu Dhabi sovereign wealth fund, Mubadala Investment, disclosed its first-ever holdings in the Grayscale Bitcoin ETF, with 8.2 million shares valued at $437 million.
Hunting Hill Capital also increased its Bitcoin ETF holdings in the fourth quarter of last year, bringing the total value of its holdings to approximately $131 million. Furthermore, financial advisory firms Cetera Advisors and NewEdge Advisers raised their positions in various Bitcoin ETFs during the quarter, including those issued by Fidelity, ARK Invest, and Invesco.
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