PANews reported on February 18 that according to Cryptoslate, as of December 31, 2024, institutional investors held 25.4% of the assets under management (AUM) of spot Bitcoin ETFs, totaling US$26.8 billion. Vetle Lunde, research director of K33 Research, said that from the third quarter to the fourth quarter of 2024, the proportion of Bitcoin ETF assets under management held by institutional investors increased by 113%.
In addition, the percentage of assets under management held by institutional investors also increased by 4.1% quarterly, as total assets under management jumped 69% to $78.8 billion at the end of the fourth quarter. According to Lunde, the number of investors exposed to Bitcoin through ETFs reached 1,576 last quarter, a quarterly increase of 37.4% and an annual increase of 68.2%.
Lunde's data also shows that institutional interest in BlackRock's IBIT grew more than fourfold in 2024. At the end of the fourth quarter of last year, institutions reported $16 billion in IBIT shares, while the amount held through shares at the end of the first quarter was less than $4 billion, with most of the growth occurring between the third and fourth quarters. According to Bold Report, BlackRock's spot Bitcoin ETF has $56.4 billion in assets under management, while all other spot Bitcoin ETFs traded in the United States have a combined total of $56.9 billion in assets under management.
