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Bitcoin ETFs Break Records with Over 1,000 Institutional Holders, Defying ETF Norms
Summary: Eric Balchunas, a senior ETF analyst at Bloomberg, highlighted the impressive growth of Bitcoin ETFs on social media, emphasizing that they have collectively garnered over 1,000 institutional holders within just two 13F reporting periods. This rapid uptake is described as "unprecedented" compared to traditional ETFs. He points out that the $IBIT ETF alone has 661 ...
Eric Balchunas, a senior ETF analyst at Bloomberg, highlighted the impressive growth of Bitcoin ETFs on social media, emphasizing that they have collectively garnered over 1,000 institutional holders within just two 13F reporting periods. This rapid uptake is described as "unprecedented" compared to traditional ETFs. He points out that the $IBIT ETF alone has 661 holders, with 20% of its shares reported as being held by institutions and large advisors, a figure he predicts could rise to 40% within the next 12 months.
Balchunas contrasts the Bitcoin ETF growth with a randomly selected $7 million ETF launched last December, which only has two holders and a minuscule portion of shares owned by institutions. His comparison underscores the uniqueness and "anomalous" nature of Bitcoin ETFs, which have outpaced expectations and norms within the ETF space.
Tags: Bitcoin ETF,Eric Balchunas,IBIT
Link: Bitcoin ETFs Break Records with Over 1,000 Institutional Holders, Defying ETF Norms [Copy]
