ChainCatcher news reports that according to the 13F filings submitted to the U.S. Securities and Exchange Commission (SEC), large institutions such as pension funds or hedge funds doubled their holdings in spot Bitcoin ETFs in the fourth quarter of 2024.As of Q4 2024, institutional investors held $38.7 billion worth of spot Bitcoin ETFs. This figure is more than three times that of Q3, where the reported holdings were only $12.4 billion. Among them, the Wisconsin Investment Board increased its holdings in the BlackRock iShares Bitcoin Trust (IBIT) to just over 6 million shares. Billionaire hedge fund investor Paul Tudor also raised his stake in IBIT from 4,428,230 shares to 8,048,552 shares, nearly doubling his investment.Bloomberg senior ETF analyst Eric Balchunas stated that IBIT currently has 1,100 institutional holders reporting their holdings through 13F filings. In contrast, most newly launched ETFs typically have fewer than 10 institutional holders.

ChainCatcher news, Hong Kong stock market data shows that as of the market close, the trading volume of 6 Hong Kong virtual asset ETFs today was approximately 16.49 million HKD.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of 11.37 million HKD;Huaxia Ethereum ETF (3046.HK) had a trading volume of 2.78 million HKD;Harvest Bitcoin ETF (3439.HK) had a trading volume of 756.5 thousand HKD;Harvest Ethereum ETF (3179.HK) had a trading volume of 481.3 thousand HKD;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of 991.2 thousand HKD;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of 113.5 thousand HKD.

ChainCatcher news, according to data released by Ki Young Ju, the founder and CEO of CryptoQuant, the current cost basis of Bitcoin holdings among different groups is as follows:The cost basis for ETFs and custodial wallets is $89,000,The cost basis for Binance traders is $59,000,The cost basis for mining companies is $57,000,The cost basis for early whales is $25,000.When the price of Bitcoin falls below the cost basis of mining companies (as seen in May 2022, March 2020, and November 2018), it usually marks the onset of a bear market.

ChainCatcher news, according to Bloomberg senior ETF analyst Eric Balchunas's analysis on X, the asset holding ratio of 13F filing institutions in most Bitcoin ETFs has reached 25-30%, and it is expected to eventually reach a level similar to that of gold ETFs (GLD) at 40%, indicating that there is still 10-15% growth potential.

ChainCatcher news, according to K33 Research's research director Vetle Lunde, as of the end of the fourth quarter of 2024, the number of professional institutions holding exposure to U.S. spot Bitcoin ETFs has reached 1,576, an increase of 429 from the previous quarter.The total assets under management of these institutions have reached $26.8 billion, a quarter-over-quarter growth of 113%.The proportion of assets under management held by institutional investors has risen from 21.3% in the third quarter to 25.4%, with IBIT's trading activity being the most active.

ChainCatcher news, Hong Kong stock market data shows that as of the market close, the trading volume of 6 Hong Kong virtual asset ETFs today was approximately 18.52 million HKD.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of 11.75 million HKD;Huaxia Ethereum ETF (3046.HK) had a trading volume of 4.22 million HKD;Harvest Bitcoin ETF (3439.HK) had a trading volume of 0.5355 million HKD;Harvest Ethereum ETF (3179.HK) had a trading volume of 0.1205 million HKD;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of 1.43 million HKD;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of 0.4688 million HKD.

ChainCatcher news, according to Ming Pao, the Hong Kong Securities and Futures Commission (SFC) has previously approved the listing of exchange-traded funds (ETFs) for Bitcoin and Ethereum futures and spot trading. When asked whether it would consider allowing the launch of leveraged and inverse (L&I) ETFs for virtual currencies, SFC Chief Executive Officer Ashley Alder responded that the volatility of the relevant assets would be taken into account, and if their volatility is not significant, the approval for the issuance of related leveraged and inverse products would be considered.Alder also mentioned that the SFC will soon issue a circular allowing issuers to launch ETFs with alternative investments as assets, which will include relevant investor protections.

ChainCatcher news, Hong Kong stock market data shows that as of the market close, the trading volume of 6 Hong Kong virtual asset ETFs today was approximately 23.78 million HKD.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of 9.64 million HKD;Huaxia Ethereum ETF (3046.HK) had a trading volume of 10.96 million HKD;Harvest Bitcoin ETF (3439.HK) had a trading volume of 1.16 million HKD;Harvest Ethereum ETF (3179.HK) had a trading volume of 0.6125 million HKD;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of 1.10 million HKD;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of 0.3074 million HKD.

ChainCatcher message, cryptocurrency analyst Immortal posted on X: "The on-chain transaction volume of BTC is far from the levels of 2021... but are we expecting a big bull market? Even high transaction fees do not necessarily indicate a bull market; just look at past cycles."In response, Zhao Changpeng stated: "My intuition is that due to high fees and long block times, BTC now resembles a reserve asset rather than a transaction currency. A lot of new funds are buying ETFs, and these ETFs do not reflect on-chain transactions. Just to clarify, I might be wrong."

ChainCatcher news, according to Bitcoin Magazine, Barclays, one of the UK's four major banks, disclosed that it holds a Bitcoin spot ETF valued at $131 million.

ChainCatcher news, Hong Kong stock market data shows that as of the market close, the trading volume of 6 Hong Kong virtual asset ETFs today was approximately 18.9545 million HKD.Among them:Huaxia Bitcoin ETF (3042.HK/9042.HK/83042.HK) trading volume was 12.54771 million HKD;Huaxia Ethereum ETF (03046.HK/09046.HK/83046.HK) trading volume was 4.1048 million HKD;Harvest Bitcoin ETF (03439.HK/09439.HK) trading volume was 575.6 thousand HKD;Harvest Ethereum ETF (03179.HK/09179.HK) trading volume was 151.1 thousand HKD;Bosera Bitcoin ETF (03008.HK/09008.HK) trading volume was 1.4601 million HKD;Bosera Ethereum ETF (03009.HK/09009.HK) trading volume was 115.2 thousand HKD.

ChainCatcher news, according to the 13F-HR form (quarterly holdings report) submitted by the Bank of Montreal (BMO) to the SEC, the bank held approximately $150 million in Bitcoin spot ETFs as of the end of last year, including $139 million in IBIT and $11 million in ARKB, FBTC, and GBTC.

ChainCatcher news, Hong Kong stock market data shows that as of the market close, the trading volume of 6 Hong Kong virtual asset ETFs today was approximately 28.54 million HKD.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of 22.88 million HKD;Huaxia Ethereum ETF (3046.HK) had a trading volume of 2.41 million HKD;Harvest Bitcoin ETF (3439.HK) had a trading volume of 1.29 million HKD;Harvest Ethereum ETF (3179.HK) had a trading volume of 814,000 HKD;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of 979,000 HKD;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of 172,000 HKD.

ChainCatcher news, Hong Kong stock market data shows that as of the market close, the trading volume of 6 Hong Kong virtual asset ETFs today was approximately 16.543 million HKD.Huaxia Bitcoin ETF (3042.HK/9042.HK/83042.HK) trading volume was 10.2713 million HKD;Huaxia Ethereum ETF (03046.HK/09046.HK/83046.HK) trading volume was 2.31628 million HKD;Harvest Bitcoin ETF (03439.HK/09439.HK) trading volume was 1.2719 million HKD;Harvest Ethereum ETF (03179.HK/09179.HK) trading volume was 1.151203 million HKD;Bosera Bitcoin ETF (03008.HK/09008.HK) trading volume was 1.253981 million HKD;Bosera Ethereum ETF (03009.HK/09009.HK) trading volume was 0.27869 million HKD.

ChainCatcher news, Hong Kong stock market data shows that as of the market close, the trading volume of 6 Hong Kong virtual asset ETFs today was approximately 14.646 million HKD.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of 11.82 million HKD;Huaxia Ethereum ETF (3046.HK) had a trading volume of 1.24 million HKD;Harvest Bitcoin ETF (3439.HK) had a trading volume of 329,000 HKD;Harvest Ethereum ETF (3179.HK) had a trading volume of 248,000 HKD;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of 694,000 HKD;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of 315,000 HKD.

ChainCatcher news, according to Decrypt, North Carolina Representative Deborah Ross has introduced a new bill seeking to have the state treasurer invest up to 10% of funds (over $10 billion) from the state’s funds and pension systems into a Bitcoin ETF.Although the legislation does not specifically mention Bitcoin, it proposes that the state treasurer invest in exchange-traded products that track digital assets, which have had an average market capitalization of at least $750 billion over the past 12 months.Currently, more than a dozen states in the U.S. have proposed bills to invest public funds in digital assets such as Bitcoin or stablecoins. Last week, Montana, Maryland, and Kentucky just submitted such bills. However, the scope and depth of these proposed investments vary by state, with some states allowing direct investment in cryptocurrencies, while others even specifically mention Bitcoin.