Key Points:

• Boothbay Fund Management disclosed $5.2 billion in Bitcoin ETF holdings, becoming the largest shareholder in BlackRock’s Bitcoin ETF.
• Boothbay Bitcoin ETF investments include $149.8 million in BlackRock’s Bitcoin ETF, $105.5 million in Fidelity’s Bitcoin ETF, and $69.5 million in Grayscale Bitcoin Trust.
• Boothbay’s significant cryptocurrency investments highlight growing institutional adoption and positive market sentiment.

In a recent SEC filing, Boothbay Fund Management, one of the largest US-based fund companies, disclosed substantial investments in several Bitcoin ETFs, emphasizing the growing institutional interest in cryptocurrency assets.

Boothbay Bitcoin ETF Investment Overweights BlackRock, Fidelity, and Grayscale Bitcoin ETFs

The 13F form, a quarterly requirement for large investment firms to ensure transparency in financial markets, revealed Boothbay’s significant positions in BlackRock, Fidelity, Grayscale, and Bitwise Bitcoin ETFs.

Boothbay Bitcoin ETF investment amounts to a staggering $5.2 billion. The firm holds 3,701,600 shares of BlackRock’s iShares Bitcoin ETF, valued at approximately $149.8 million, making it the largest shareholder in this ETF. Additionally, Boothbay owns 1.7 million shares of Fidelity’s Wise Origin Bitcoin ETF, worth about $105.5 million, also positioning it as the top holder.

The firm’s other notable holdings include $69.5 million in Grayscale Bitcoin Trust (GBTC) and over $52 million in Bitwise Bitcoin ETF, further solidifying Boothbay’s dominant presence in the Bitcoin ETF market. Beyond Boothbay Bitcoin ETF investment, the company’s portfolio encompasses diverse ETFs, such as the SPDR S&P 500 ETF Trust and the iShares Russell 2000 ETF.

Institutional Adoption Drives Positive Market Sentiment

The disclosed positions reflect only a portion of Boothbay’s total Assets Under Management (AUM), indicating that the firm’s actual investments are even more extensive. The detailed SEC filings also revealed Boothbay’s trading activity in shares of companies like Coinbase, MicroStrategy, and Robinhood Markets, illustrating a broader engagement with the cryptocurrency sector.

This substantial investment in Bitcoin ETFs by Boothbay and other major hedge funds underscores a growing trend of institutional adoption of digital assets, contributing to positive market sentiment. The influx of capital into these ETFs is expected to continue driving market momentum in the coming weeks. As Coincu reported, the Wisconsin Investment Council, Bank of Montreal and JPMorgan also recently revealed their Bitcoin ETF investments.

Bitcoin

Blackrock

Boothbay Bitcoin ETF

Boothbay Fund Management

BTC

IBIT

Spot Bitcoin ETF

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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News

Boothbay Bitcoin ETF Investment Now Accounts For The Largest Proportion Of IBIT With $150M

Key Points:

• Boothbay Fund Management disclosed $5.2 billion in Bitcoin ETF holdings, becoming the largest shareholder in BlackRock’s Bitcoin ETF.
• Boothbay Bitcoin ETF investments include $149.8 million in BlackRock’s Bitcoin ETF, $105.5 million in Fidelity’s Bitcoin ETF, and $69.5 million in Grayscale Bitcoin Trust.
• Boothbay’s significant cryptocurrency investments highlight growing institutional adoption and positive market sentiment.

In a recent SEC filing, Boothbay Fund Management, one of the largest US-based fund companies, disclosed substantial investments in several Bitcoin ETFs, emphasizing the growing institutional interest in cryptocurrency assets.

Boothbay Bitcoin ETF Investment Overweights BlackRock, Fidelity, and Grayscale Bitcoin ETFs

The 13F form, a quarterly requirement for large investment firms to ensure transparency in financial markets, revealed Boothbay’s significant positions in BlackRock, Fidelity, Grayscale, and Bitwise Bitcoin ETFs.

Boothbay Bitcoin ETF investment amounts to a staggering $5.2 billion. The firm holds 3,701,600 shares of BlackRock’s iShares Bitcoin ETF, valued at approximately $149.8 million, making it the largest shareholder in this ETF. Additionally, Boothbay owns 1.7 million shares of Fidelity’s Wise Origin Bitcoin ETF, worth about $105.5 million, also positioning it as the top holder.

The firm’s other notable holdings include $69.5 million in Grayscale Bitcoin Trust (GBTC) and over $52 million in Bitwise Bitcoin ETF, further solidifying Boothbay’s dominant presence in the Bitcoin ETF market. Beyond Boothbay Bitcoin ETF investment, the company’s portfolio encompasses diverse ETFs, such as the SPDR S&P 500 ETF Trust and the iShares Russell 2000 ETF.

Institutional Adoption Drives Positive Market Sentiment

The disclosed positions reflect only a portion of Boothbay’s total Assets Under Management (AUM), indicating that the firm’s actual investments are even more extensive. The detailed SEC filings also revealed Boothbay’s trading activity in shares of companies like Coinbase, MicroStrategy, and Robinhood Markets, illustrating a broader engagement with the cryptocurrency sector.

This substantial investment in Bitcoin ETFs by Boothbay and other major hedge funds underscores a growing trend of institutional adoption of digital assets, contributing to positive market sentiment. The influx of capital into these ETFs is expected to continue driving market momentum in the coming weeks. As Coincu reported, the Wisconsin Investment Council, Bank of Montreal and JPMorgan also recently revealed their Bitcoin ETF investments.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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