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.

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.

Recent Posts

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

33 minutes ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

1 hour ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

2 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

3 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

3 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

5 hours ago

This website uses cookies.