{"id":90987,"date":"2024-08-24T06:10:10","date_gmt":"2024-08-24T10:10:10","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=90987"},"modified":"2024-08-24T06:11:30","modified_gmt":"2024-08-24T10:11:30","slug":"bitwise-reveals-large-ria-investments","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitwise-reveals-large-ria-investments\/","title":{"rendered":"Bitwise Reveals Large RIA Investments in BTC & ETH ETFs"},"content":{"rendered":"\n

Bitwise's Bitcoin and Ethereum ETFs <\/a>received significant investment from a large\u00a0RIA, indicating growing institutional interest in crypto ETFs.<\/p>\n\n\n\n

\"Bitwise<\/figure>\n\n\n\n

Bitwise, a notable crypto ETF issuer, has seen substantial investment in its Bitcoin and Ethereum ETFs from a major Registered Investment Advisor (RIA). <\/p>\n\n\n\n

This reflects a broader trend of increased institutional engagement with crypto ETFs.<\/p>\n\n\n\n

Bitwise Bitcoin & Ethereum ETFs Attract RIA Investment<\/h2>\n\n\n\n

Bitwise CEO Hunter Horsley announced on X that the RIA has invested several million dollars in both the Bitwise Bitcoin ETF (BITB) and the Ethereum ETF (ETHW).<\/p>\n\n\n\n

Additionally, the RIA has also included the Bitwise 10 Crypto Index (BITW) ETFs in its client portfolios.<\/p>\n\n\n\n

This development coincides with a period of record-breaking inflows into BTC ETFs. <\/p>\n\n\n\n

On Friday, August 23, Bitcoin ETF flows reached $252 million, according to Farside UK data\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, bringing the weekly total to $506.4 million. <\/p>\n\n\n\n

This surge reflects strong institutional and retail investor confidence in the crypto market, particularly as Fed rate cuts approach.<\/p>\n\n\n\n

Significant contributions to this trend include $86.8 million in BTC ETF inflows reported by BlackRock, $64 million by Fidelity, and $42.3 million by Bitwise. <\/p>\n\n\n\n

Other notable inflows came from Ark Invest with $23.8 million, VanEck with $14.4 million, and another BTC ETF with $50.8 million. <\/p>\n\n\n\n

In contrast, Grayscale\u2019s Bitcoin Trust (GBTC) <\/a>saw $35.6 million in outflows.<\/p>\n\n\n\n

Ethereum ETF Investment Trends<\/h2>\n\n\n\n

While Bitcoin ETFs have attracted considerable interest, Ethereum ETFs have faced challenges. <\/p>\n\n\n\n

On August 23, ETH ETFs experienced net outflows of $5.7 million, contributing to a weekly total of $44.5 million in outflows. Grayscale\u2019s Ethereum Trust (ETHE) led these outflows with $9.8 million. <\/p>\n\n\n\n

However, Bitwise\u2019s ETH ETF still saw a modest inflow of $1.4 million, and VanEck\u2019s ETHV added $2 million, indicating confidence from certain market segments.<\/p>\n\n\n\n

Surge in Institutional Adoption of Bitcoin ETFs<\/h2>\n\n\n\n

The significant inflows into BTC ETFs underscore a broader trend of increasing institutional adoption. <\/p>\n\n\n\n

Goldman Sachs<\/a>, in a recent 13F filing, disclosed holding substantial positions in various Bitcoin ETFs as of June 30, including $238.6 million in iShares Bitcoin Trust, $79.5 million in Fidelity\u2019s FBTC, and $35.1 million in Grayscale BTC.<\/p>\n\n\n\n

Similarly, Morgan Stanley reported earlier this month holding 5.5 million shares of BlackRock\u2019s iShares Bitcoin Trust, valued at $190 million, along with investments in Ark 21Shares and Grayscale\u2019s ETFs.<\/p>\n\n\n\n

Bitwise\u2019s Chief Investment Officer, Matt Hougan, highlighted this trend in a recent X thread, noting that Bitcoin ETFs have seen the fastest-growing inflows of all time, with $17.5 billion invested since their launch, surpassing the previous record held by Nasdaq-100 QQQs. <\/p>\n\n\n\n

Hougan\u2019s analysis challenges the idea that Bitcoin spot ETFs are mainly driven by retail investors, emphasizing that institutional interest is both significant and rapidly expanding. <\/p>\n\n\n\n

He also noted that Bitcoin ETFs have attracted three times the number of institutional holders within the first two quarters compared to the QQQs during a similar period.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitwise’s Bitcoin and Ethereum ETFs received significant investment from a large\u00a0RIA, indicating growing institutional interest in crypto ETFs. Bitwise, a notable crypto ETF issuer, has seen substantial investment in its Bitcoin and Ethereum ETFs from a major Registered Investment Advisor (RIA). This reflects a broader trend of increased institutional engagement with crypto ETFs. Bitwise Bitcoin […]<\/p>\n","protected":false},"author":56,"featured_media":90989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1613,18740,17080,16885],"class_list":["post-90987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-etf","tag-bitcoin-etf-inflows","tag-bitwise-2","tag-spot-ethereum-etf"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/08\/Bitwise-Reveals-Large-RIA-Investments-in-BTC-ETH-ETFs.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/90987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=90987"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/90987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/90989"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=90987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=90987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=90987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}