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Fund managers are exposed to Bitcoin ETF and quarterly US application shows.

MONews
3 Min Read

Suzanne McGee

(Reuters) -The asset manager from asset management firms to hedge funds and pension funds, asset managers, and quotes for US exchange trading funds related to Bitcoin prices in the fourth quarter of 2024 have a surge in the world’s largest cryptocurrency. According to the recent regulatory report, %.

The Wisconsin Investment Committee said the Bitcoin ETF has more than doubled in the last three months of last year in the Securities and Exchange Commission and the quarterly 13-F report. . The first fund, which reported investment in Crypto after Bitcoin ETF’s debut, could not immediately present opinions.

Other large investment funds have also increased their stake in ETF, which began in January 2024.

Tudor Investment Corp, a systematic hedge fund manager, has reported its stake in Ishares ETF, which has now risen up to 4.4 million to 8 million states with up to $ 55 million assets. The value of the Holdings also recorded $ 190 million to $ 423.9 million at the end of September, reflecting the value jump of Bitcoin. Tudor did not immediately respond to the request.

Abu dhabi sovereign, Mubadala Investment Co, reported its first entry of Bitcoin ETF in the fourth quarter and reached $ 433.39 million in ISHARES ETF.

Hunting Hunting Hill Capital was not exposed to this ETF at the end of the third quarter, but reappeared as a significant investor until December 31, with a position of about $ 131 million by the end of the year.

Adam Guren, the founder and chief investor of the company, said, “We have been actively trading in a wider Crypto ETF complex, and the third quarter submissions would not have matched when we bought and sold various ETFs.

The rankings of those who added to the position included a financial advisory company, which is a desire buyer of Bitcoin ETF. CETERA Advisors and NEWEDGE Advisers were one of the companies that enhanced stakes in multiple ETFs, including products provided by Fidelity, Ark Investments and Invesco.

Other investors were more optional. The CRESSET Asset Management has increased exposure to ETFs that lower fees, said Jack Ablin, the chief investment officer of the company.

“It is also possible to get an attractive option price for the current color strategy, and it is possible to protect the shortcomings by giving up less repayment of this bitcoin fund.”

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