A recent report by River has revealed that hedge funds and registered investment advisors' (RIAs) exposure to Bitcoin through exchange-traded products (ETF) reached $34.3 billion as of December 31. This represents a 357% growth in 2021. The report also found that 458 RIAs have Bitcoin exposure, with the weighted average allocation being 0.02%. Investment advisors' exposure increased by 173% from $2.6 billion in Q1 to $7.1 billion by the end of the year. Hedge funds' exposure rose 455% to $27.2 billion. The report highlights that institutional accumulation is driving the current bull run, with individuals shedding BTC while funds, ETFs, and businesses are buying and adding to their treasuries. Despite this, Bitcoin adoption is still at a relatively low 3% of its full potential, with significant room for growth. The report estimates that increasing institutional exposure to Bitcoin's current percentage of global wealth (0.2%) would require a 36-fold rise in exposure, equivalent to $249 billion in investment. Additionally, less than 4% of the global population currently owns Bitcoin, suggesting that individual ownership is likely to increase as people become more aware of its benefits.



Other News from Today