coindesk.com
There is a strong institutional presence in U.S. spot crypto exchange-traded funds (ETFs), with investment advisors taking a commanding lead, according to the recent SEC filings.
Investment advisors now hold over $10.28 billion in spot bitcoin
ETF assets, representing 124,753 $BTC. Investment advisors hold nearly half of the total crypto assets declared by the various funds. Hedge fund managers are second holding $6.9 billion worth of $BTC ETF, or nearly 83,934 $BTC, followed by brokerages and holding companies.
These figures, highlighted by Bloomberg ETF analyst Eric Balchunas, underscore how advisors have surged to the top "number one by a mile."
Balchunas estimates that 13F filers currently make up about 20% of total spot Bitcoin ETF assets, a number likely to grow to 35%–40% as traditional finance embraces the product.
There is a similar trend with ether
. Advisors lead with $582 million in exposure, representing 320,089 $ETH, while hedge funds hold $244 million, or 134,469 $ETH, according to Bloomberg ETF analyst James Seyffart.
The total institutional $ETH ETF exposure now stands at over $1.06 billion, or 587,348 $ETH. Though smaller than bitcoin’s footprint, it signals rising interest in diversified crypto exposure.