Bitcoin goes mainstream as institutional exposure surges
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Over 1,500 financial institutions now have bitcoin exposure
Bitcoin (BTC/USD) is steadily gaining institutional traction, with 1,573 financial institutions reporting long exposure to the asset by the end of q4 2024, according to SEC 13f filings analyzed by Bitcoin researcher Sam Callahan. These filings cover us equity-related assets, meaning actual institutional btc exposure could be even larger when considering bonds, real estate, venture capital, and direct holdings.
Institutional adoption still in early stages
Despite growing interest, the median bitcoin position across institutions is just 0.13%, indicating that adoption remains in its infancy. Among firms with notable allocations, horizon kinetics holds $1.3 billion (16%), bracebridge capital has $334 million (24%), and brevan howard maintains $1.4 billion (8.7%). Major market makers like millennium, jane street, and citadel hold Bitcoin etfs primarily for arbitrage, rather than long-term investment.
Banks cautiously entering the bitcoin market
J.P. Morgan and Goldman Sachs have small btc etf positions, mostly for market-making purposes, due to regulatory restrictions. however, with SEC filings mentioning Bitcoin and Ethereum at all-time highs, there is growing anticipation of a major movement in crypto.
Trading outlook
Bitcoin continues to consolidate, with key resistance at $53,500-$55,000 a breakout above this level could trigger a push toward $60,000 on the downside, support sits at $48,500-$50,000, where institutional demand has been accumulating as more institutions increase their btc allocations, inflows could fuel a new bull leg in the crypto market.
Bitcoin (BTC/USD) is steadily gaining institutional traction, with 1,573 financial institutions reporting long exposure to the asset by the end of q4 2024, according to SEC 13f filings analyzed by Bitcoin researcher Sam Callahan. These filings cover us equity-related assets, meaning actual institutional btc exposure could be even larger when considering bonds, real estate, venture capital, and direct holdings.
Institutional adoption still in early stages
Despite growing interest, the median bitcoin position across institutions is just 0.13%, indicating that adoption remains in its infancy. Among firms with notable allocations, horizon kinetics holds $1.3 billion (16%), bracebridge capital has $334 million (24%), and brevan howard maintains $1.4 billion (8.7%). Major market makers like millennium, jane street, and citadel hold Bitcoin etfs primarily for arbitrage, rather than long-term investment.
Banks cautiously entering the bitcoin market
J.P. Morgan and Goldman Sachs have small btc etf positions, mostly for market-making purposes, due to regulatory restrictions. however, with SEC filings mentioning Bitcoin and Ethereum at all-time highs, there is growing anticipation of a major movement in crypto.
Trading outlook
Bitcoin continues to consolidate, with key resistance at $53,500-$55,000 a breakout above this level could trigger a push toward $60,000 on the downside, support sits at $48,500-$50,000, where institutional demand has been accumulating as more institutions increase their btc allocations, inflows could fuel a new bull leg in the crypto market.