Investment banks and hedge funds with huge exposures to Bitcoin Spot ETFs.

According to the latest 13F, there is huge investment interest in Bitcoin Spot ETFs. A whole constellation of hedge fund managers and some investment banks such as Morgan Stanley and JP Morgan have allocated capital to build crypto exposure in their portfolios.

-Morgan Stanley invests about $270M in Bitcoin Spot ETF /entirely targeting Grayscale Bitcoin Trust./ JPMorgan, Wells Fargo and UBS also disclosed holdings of Spot ETFs.
-Wall Street superstar Stephen Cohen, through his hedge fund – Point72, invested $77.5 million in the Fidelity Wise Origin Bitcoin Fund.
-Millennium Management has the largest exposure at $2 billion.
-Other hedge funds, including Paul Singer’s Elliott Capital and Izzy Englander’s Millennium Management, are also among the investors in Bitcoin Spot ETFs.

Crypto Broker River shares that 13 of the TOP 25 hedge funds in the US have invested in Spot ETFs to Bitcoin.

That some of the biggest names on Wall Street are getting into the crypto sector, albeit through ETFs, is giving more and more support to Bitcoin. The entry of such players will over time balance the market, creating the necessary liquidity for its functioning.

This will on the one hand leave the years of the “Crypto wild west” as the volatility of the market will decrease, balancing it like other financial instruments… and although at a slower pace, it will become more and more accepted .