By Suzanne McGee
(Reuters) – Asset managers, ranging from asset management companies to covering to funds and pension funds, increased allocations to American exchange -related funds associated with the price of Bitcoin in the fourth quarter of 2024, because the price of the world’s largest cryptocurrency founded 47 %, According to recent legal archives.
The State of Wisconsin Investment Board announced in its quarterly 13-F archives with the Securities and Exchange Commission that its Bitcoin ETF holdings more than doubled in the last three months of last year, to 6 million shares of the ISHARES Bitcoin Trust ETF By December 31.
Other major investment funds also raised their participations in the ETFs, which were launched in January 2024.
Tudor Investment Corp, a systematic hedge fund manager, reported his participations of the ISHARES ETF – now the largest in the peloton, with more than $ 55 billion in assets – climbed to 8 million shares, of 4.4 million shares. The value of those interests also increased, which reflects the value of Bitcoin, which reached $ 426.9 million, an increase of $ 159.9 million at the end of September. Tudor did not immediately respond to a request for comment.
An Abu Dhabi Sovereign Wealth Fund, Mubadala Investment CO, reported his first trip in Bitcoin ETFs in the fourth quarter and took an interest of 8.2 million shares in the ISHARES ETF that was worth $ 436.9 million.
Hedgefonds Hilling Hill Capital had no exposure to these ETFs from the end of the third quarter, but by 31 December it had once again emerged as an important investor, with positions with a value of around $ 131 million by the end of the year.
“We actively exchanged within the broader crypto ETF complex, and the timing of the submission of the third quarter may not be tailored to when we bought and sold different ETFs,” said Adam Deluren, founder and chief investment officer of the company.
The ranks of those who contribute to positions included financial consultancy firms whose customers have been enthusiastic buyers of Bitcoin ETFs. Cetera advisers and NewEdge advisers belonged to companies that stimulated holdings in various ETFs, including products offered by Fidelity, Ark Investments and Invesco.
Other investors were more selective, according to the archives. Cresset Asset Management increased its exposure to ETFs with lower costs, said Jack Ablin, the most important investment officer of the company.
“It is also possible to get attractive options for collar strategies at the moment, so that we can protect the disadvantage and at the same time give away less of the benefits in exchange, on these Bitcoin funds,” Ablin said.