Bitcoin Will Rise, Indicating Institutional Acceptance
- Investment funds with at least $100 million in assets under management (AUM) that operate and do business in the United States, for example, must file a 13F filing with the Securities and Exchange Commission (SEC) on a quarterly basis, disclosing each fund’s holdings to the public.
- Institutions are increasingly using trusts to gain exposure to Bitcoin, such as Grayscale’s Bitcoin Trust (GBTC), the largest Bitcoin trust by net asset value. GBTC’s BTC holdings increased dramatically between 2020 and 2021, paralleling the increase in the number of investment funds that included BTC in their 13F filings during that time period.
- GBTC holdings had plateaued until late 2021, when 13F filings referencing Bitcoin increased; however, this represents the debut of Bitcoin ETFs like ProShares’ Bitcoin Strategy ETF (BITO) and Valkyrie’s Bitcoin Strategy ETF (BTF) in October 2021, which are now disclosed on 13F filings, accounting for some of the growth in different organisations.
The Securities and Exchange Commission (SEC) and Bitcoin have been the subject of a growing number of talks in recent years, and the most current data indicates that this will continue in 2022.
Investment Funds With At Least $100 Million In Assets Under Management
According to CoinMetrics’ on-chain data, the number of 13F filings mentioning Bitcoin increased as the year proceeded into 2021, albeit it declined slightly in the second and third quarters of last year to 60 references. As a result of the increased volume of discussion surrounding the regulation and acceptance of the flagship digital asset, the number of times the SEC cited “Bitcoin” in its filings for the fourth quarter that concluded at the end of January 2022 climbed by 158 percent, to 155 mentions. It’s worth noting that SEC filings could help determine institutional interest in bitcoin assets.
Investment funds with at least $100 million in assets under management (AUM) that operate and do business in the United States, for example, must file a 13F filing with the Securities and Exchange Commission (SEC) on a quarterly basis, disclosing each fund’s holdings to the public. Furthermore, while it is not necessary to publish all of a fund’s assets, a subset of those investments, including any positions in spot Bitcoin, must be reported. On the other hand, trusts and other crypto -related investment institutions are frequently referenced.
SEC Filings In Order To Measure The Growing Presence Of Bitcoin
Institutions are increasingly using trusts to gain exposure to Bitcoin, such as Grayscale’s Bitcoin Trust (GBTC), the largest Bitcoin trust by net asset value. GBTC’s BTC holdings increased dramatically between 2020 and 2021, paralleling the increase in the number of investment funds that included BTC in their 13F filings during that time period.
GBTC holdings had plateaued until late 2021, when 13F filings referencing Bitcoin increased; however, this represents the debut of Bitcoin ETFs like ProShares’ Bitcoin Strategy ETF (BITO) and Valkyrie’s Bitcoin Strategy ETF (BTF) in October 2021, which are now disclosed on 13F filings, accounting for some of the growth in different organisations. As a result, it may be useful to review public SEC filings in order to measure the growing presence of bitcoin in the US economy.
