Boothbay Fund Management, a well-known and respected investment firm based in New York, announced its significant investments in Bitcoin ETFs. The disclosure came in the form of a 13F filing, a three-month requirement by the Securities and Exchange Commission (SEC) for institutional investment managers with at least $100 million in eligible assets.
The filing revealed that Boothbay has made significant investments in several Bitcoin ETFs. The assets owned by the company are as follows:
BlackRock Bitcoin ETF: $149,803,752 (3,701,600 shares)
Fidelity Bitcoin ETF: $105,502,000 (1,700,000 shares)
Grayscale BTC: $69,487,000 (1,100,000 shares)
Bitwise Bitcoin ETF: $52,258,500 (1,350,000 shares)
The total value of all reported 13F positions is a staggering $5.2 billion. With these investments, Boothbay emerged as the reported largest shareholder of BlackRock, Fidelity, and Bitwise ETFs.
13F filing is a very important requirement for large investment firms. This mandate requires them to disclose their holdings in U.S.-traded stocks, options and now BTC ETFs as of the last day of the quarter. This obligation ensures transparency in financial markets and allows investors to follow the investment activities of large institutional investors.
*This is not investment advice.
How do you get from $377,051,252, the total of ETF’s listed, to “$5.2 Billion Bitcoin Spot ETF Purchase?”