On November 19, according to The Block, the latest 13F filings in the US showed that institutional investors adjusted their holdings of Bitcoin ETFs in the third quarter of 2024, indicating further penetration of crypto assets on Wall Street. BlackRock's iShares Bitcoin Trust (IBIT) remains the market leader, with nearly 700 institutional holders and a total shareholding of 160.2 million shares, managing assets worth $42 billion. Millennium Management increased its holdings by 12.6 million shares to reach 23.5 million shares, worth $848 million; Capula added 1.1 million shares of IBIT ($308 million) and FBTC ($288 million).

At the same time, some institutions reduced or exited their holdings: Point72 cleared out IBIT and FBTC, Jane Street significantly reduced its holdings of IBIT, but still holds ARKB, BITO, and FBTC. Goldman Sachs increased its holdings by 5.77 million shares of IBIT, with a total shareholding of 12.7 million shares ($710 million), becoming the second-largest holder, while Morgan Stanley reduced its holdings by nearly 450,000 shares, with a total holding of $183 million. The total management assets of Bitcoin ETFs have now reached $92 billion.

Analysis suggests that as institutions re-evaluate their stance on crypto assets, there may be a further wave of structural allocation in the future. Bitcoin ETF options trading may officially launch this week, further promoting market development.