ChainCatcher news, according to Cointelegraph, over 600 companies disclosed significant investments in Bitcoin spot ETFs in the latest 13F filings submitted to the SEC in the past week. The Chief Investment Officer of cryptocurrency asset management firm Bitwise expects that by the May 15 deadline, nearly 700 professional firms will invest $5 billion in spot Bitcoin ETFs.According to the submission data on May 9, 563 professional investment firms reported holding Bitcoin ETFs valued at $3.5 billion. This includes Morgan Stanley, JPMorgan, Wells Fargo, UBS Group, BNP Paribas, Royal Bank of Canada, and hedge funds such as Millennium Management and Schonfeld Strategic Advisors.

ChainCatcher news, the Chief Information Officer of Bitwise, the issuer of the spot Bitcoin ETF, Matt Hougan, stated that the Bitcoin allocation of institutional investors in the recently disclosed first-quarter 13F filings is just a "down payment." Most professional investors need 6 to 12 months to evaluate cryptocurrencies, following a pattern of due diligence, individual allocation, isolated client allocation, and full platform allocation stages.