Written by Suzan McKiji
(Reuters) – The asset managers, from wealth management companies to hedge funds and pension funds, reinforced the allocations circulating in the United States associated with Bitcoin price in the fourth quarter of 2024, where the price of the largest encrypted currency in the world increased by 47 %, according to organizational stadiums The latter.
The Wisconsin State Council for Investment in its quarterly files 13-F with the Securities and Stock Exchange Committee revealed that ETF Bitcoin's possessions are more than twice in the last three months of last year, to 6 million shares than ISHARES Bitcoin Trust ETF by December 31.
Other large investment funds also strengthened their shares in the circulating investment funds, which were launched in January 2024.
Tudor Investment Corp, the director of a systematic hedge box, has reported its shares from ISHARES ETF – is now the largest package, with more than $ 55 billion in assets – to 8 million shares, from 4.4 million shares. The value of these holdings has also increased, reflecting the Bitcoin leap in the value, reaching $ 426.9 million, up from $ 159.9 million at the end of September. Tudor did not immediately respond to a request for comment.
Abu Dhabi Sovereign Wealth Fund, Mubadala Investment Co, has informed its first invasion of the investment funds circulating in Bitcoin in the fourth quarter, where she got a share of 8.2 million in ISHares ETF, which is worth $ 436.9 million.
Hill Hill Capital did not have any exposure to these investment funds traded from the end of the third quarter, but by December 31, they reappeared as an important investor, with a value of about 131 million dollars by the end of the year.
“We have been actively circulated within the broader Crypto ETF complex, and the timing of the deposit in the third quarter may not be corresponding to when we bought and sold many traded investment funds,” said Adam Gurin, founder and chief investment employee in the company.
The ranks of those who add to the positions include financial consulting companies whose customers were eager to buyers from the investment funds circulating in Bitcoin. CETERA Advisors and NewDge Advisers were among the companies that strengthened holdings in many traded investment funds, including the products provided by Federation, Ark Investments and Investco.
The deposits showed that other investors were more selective. Jacques Applein, chief investment official in the company, said that Cresset Asset Management has strengthened its exposure to the traded investment boxes that carry fewer fees.
“It is also possible now to obtain attractive options for pricing collar strategies, allowing us to protect the negative side while abandoning the upward trend of exchange, on these bitcoin boxes,” Aline said.
13F files is one of the few ways to get an insight into how institutional investors put at the end of each quarter. Parking may not reflect the current property.
(Participated in the reports of Susan McGoy; edited by Leslie Adler)