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TradFi Investors Piled $38.7B Into Bitcoin ETFs, Three Times More Than Previous Quarter

TradFi Investors Piled $38.7B Into Bitcoin ETFs, Three Times More Than Previous Quarter
During the fourth quarter of 2024, large financial institutions such as pensions and hedge funds significantly increased their holdings of spot bitcoin exchange-traded funds (ETFs), according to filings with the SEC. Institutional investors bought $38.7 billion worth of the bitcoin ETF, triple the amount from the previous quarter. This increase in institutional investment comes after the launch of bitcoin ETFs in January 2024 and indicates growing interest and confidence in cryptocurrencies among major players in the financial industry.

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