Over 600 firms reveal billions in combined investment in Bitcoin ETFs

Over the past week, more than 600 firms have revealed significant investments in spot Bitcoin exchange-traded funds (ETFs) in their 13F filings with the United States Securities and Exchange Commission (SEC). According to the filing data, professional investment firms reported owning $3.5 billion worth of Bitcoin ETFs. Among them are Morgan Stanley, JPMorgan, Wells Fargo, UBS, BNP Paribas, Royal Bank of Canada and hedge funds like Millennium Management and Schonfeld Strategic Advisors. Millennium is the largest BTC ETF investor, with …