According to recent filings with the SEC, investment advisors are emerging as the dominant force in U.S. spot crypto exchange-traded funds (ETFs). They currently control over $10.28 billion in assets, which translates to approximately 124,753 BTC. Hedge fund managers follow, holding around $6.9 billion or nearly 83,934 BTC, while brokerages and holding companies round out the group. Bloomberg ETF analyst Eric Balchunas notes that investment advisors are "number one by a mile" and predicts that their influence could grow from the current 20% to about 35-40% of total spot Bitcoin ETF assets as the traditional finance sector warms up to crypto investments.
A similar trend can be observed with ether, where advisors hold $582 million worth, representing about 320,089 ETH. Hedge funds have $244 million in ether ETFs, which accounts for around 134,469 ETH. Overall institutional exposure to ether ETFs is now over $1.06 billion, totaling 587,348 ETH. While ether's market presence is smaller compared to Bitcoin, the growing interest in these assets highlights a trend toward diversifying crypto exposure among institutional investors.
A similar trend can be observed with ether, where advisors hold $582 million worth, representing about 320,089 ETH. Hedge funds have $244 million in ether ETFs, which accounts for around 134,469 ETH. Overall institutional exposure to ether ETFs is now over $1.06 billion, totaling 587,348 ETH. While ether's market presence is smaller compared to Bitcoin, the growing interest in these assets highlights a trend toward diversifying crypto exposure among institutional investors.
