BlackRock’s IBIT leads Bitcoin ETF adoption with $42B in assets

Institutional investors are increasing their exposure to Bitcoin ETFs, with total assets under management reaching $92 billion, according to The Block. BlackRock’s iShares Bitcoin Trust ETF (IBIT) leads with nearly 700 institutional owners and $42 billion in AUM. Key moves in Q3 include Millennium Management adding 12.6 million IBIT shares ($848 million), maintaining its position as the largest holder. Capula also boosted its IBIT and FBTC stakes, while Goldman Sachs purchased 5.77 million IBIT shares, bringing its holdings to $710 million. Meanwhile, firms like Point72 exited Bitcoin ETFs, and Morgan Stanley reduced its holdings, while Jane Street shifted positions, maintaining significant investments in ARKB, BITO and FBTC. JPMorgan Chase made minimal reentries, adding shares worth approximately $65,000. Analysts highlight a shift in institutional sentiment toward crypto, with spot Bitcoin ETFs potentially expanding into options trading soon.