As Bitcoin (BTC) Spot ETFs continue to grow in popularity since their launch in January, one question remains on many people's minds: Who exactly is buying these ETFs? Are there large institutional investors among them? According to Bitwise CIO Matt Hougan, this mystery may be solved soon.
Hougan recommends those wondering about buyers of Bitcoin ETFs mark May 15 on their calendars. This date is important because it is the deadline for investors with more than $100 million in Assets Under Management (AUM) to file reports with the U.S. Securities and Exchange Commission (SEC). These reports, known as “13-F Filings,” disclose companies' publicly traded holdings.
These filings are filed 45 days after the end of the calendar quarter and provide a snapshot of major investors' holdings at that moment. Although these reports do not cover every investor, they provide valuable insight into the investment activities of large institutional investors.
“I think some of the names in these filings will surprise people (on the upside),” Hougan said, pointing out that there may be some unexpected investors in Bitcoin ETFs.
*This is not investment advice.