#Institucional #etf

Institutional Bitcoin ETF Holdings Dip, but Corporate BTC Reserves Surge 🚀

Q1 2025 13F filings reveal a shift: institutional Bitcoin ETF holdings dropped for the first time since their 2024 launch, with big players like Millennium Management (-41% in IBIT) and Brevan Howard cutting exposure. The collapse of the $BTC futures basis trade, with premiums falling from 15% to near zero, cooled arbitrage-driven demand.

Meanwhile, corporate confidence in Bitcoin grows. Companies like Trump Media Group and GameStop are opting for direct $BTC holdings over ETFs, signaling a strategic shift. Despite ETF outflows ($278M on June 5), year-to-date net inflows hit $9B, with total AUM at $120B.

Long-term players like Abu Dhabi’s Mubadala ($409M in IBIT) and Brown University ($4.9M) are stepping in, hinting at sustained institutional interest. The July 13F filings will show if this trend holds.