₿ Over 1,500 financial institutions hold BTC, is Bitcoin becoming mainstream?
Bitcoin may really be on its way to becoming mainstream! Research shows that an increasing number of financial institutions are actively investing in Bitcoin. According to analyst Sam Callahan's survey, as of the end of last year, there were already 1,573 institutions holding long positions in Bitcoin.
Callahan studied the SEC's 13F filings, which disclose the stocks and other assets that large investment companies must submit quarterly. These institutions include banks, hedge funds, investment advisors, family offices, endowment funds, pensions, sovereign wealth funds, and other asset management firms.
However, these filings only show the long positions of these large companies in U.S. stocks, excluding bonds, real estate, commodities, venture capital, futures, cash, and spot Bitcoin ETFs, so only a portion of their investment portfolios can be seen.
Although the average Bitcoin holdings of institutional investors account for only 0.13%, indicating that most companies are still in the trial phase, some companies have already accumulated significant holdings. There are also companies that hold Bitcoin primarily for arbitrage, rather than long-term investment. Banks like JPMorgan and Goldman Sachs choose to hold a small amount of Bitcoin ETFs only to serve as market makers due to regulatory restrictions and other issues.
Overall, Bitcoin's appeal to institutional investors is growing, but everyone is still in the early stages. In the last quarter's 8,190 13F filings, only 19% of investors reported exposure to BTC.
Alphractal CEO Joao Wedson also observed that mentions of Bitcoin and Ethereum in SEC filings have reached new highs, signaling that the cryptocurrency market may be gearing up for significant movements. At the same time, with increasing participation from institutional investors, the cryptocurrency sector is rapidly heating up.
It is worth noting that under the Trump administration, improvements in the U.S. regulatory environment are expected to promote the widespread adoption of Bitcoin and its move toward the mainstream.
However, the current retail market remains sluggish, with the market largely fluctuating within a range for most of this month.
💬 How far is Bitcoin from becoming mainstream and fully widespread? How will the participation of institutional investors impact the development of the cryptocurrency market? Feel free to leave comments for discussion!
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