Investment Advisers Lead Institutional Holdings in Spot Bitcoin and Ether ETFs, Interest Growing
Recent 13F filings reveal that investment advisers have become the dominant institutional holders of U.S. spot crypto exchange-traded funds (ETFs), with increasing demand not only for Bitcoin but also for Ether.
According to the latest data, investment advisers currently hold over $10.28 billion in spot Bitcoin ETF assets, equivalent to approximately 124,753 BTC. This accounts for nearly half of the total crypto ETF assets declared across various funds. Trailing behind, hedge fund managers hold roughly $6.9 billion in Bitcoin ETFs, representing about 83,934 BTC, followed by brokerages and holding companies.
Bloomberg ETF analyst Eric Balchunas highlights this shift, noting that investment advisers have surged ahead to become the largest holders by a significant margin. Balchunas estimates that 13F filers now comprise around 20% of total spot Bitcoin ETF assets, with expectations that this could grow to between 35% and 40% as mainstream financial firms continue to adopt crypto investment products.
A similar pattern is emerging in the Ether ETF market. Investment advisers lead with approximately $582 million in exposure, equating to 320,089 ETH, while hedge funds hold about $244 million, or 134,469 ETH, according to Bloomberg ETF analyst James Seyffart.
The total institutional exposure to Ether ETFs now exceeds $1.06 billion, representing 587,348 ETH. Although this is smaller than Bitcoin’s institutional footprint, it reflects growing institutional interest in diversifying crypto portfolios beyond the flagship asset.
