Bloomberg Analyst Explained: “Bitcoin Is Experiencing An Unprecedented Situation”

In a surprising development, the Bitcoin (BTC) spot ETF gained over 1,000 institutional shareholders in just two 13F reporting periods, according to Bloomberg senior ETF analyst Eric Balchunas.

Balchunas described this level of institutional adoption as “unprecedented,” demonstrating Bitcoin’s rapid integration into traditional financial markets.

One of the standouts in this trend is the IBIT ETF, which alone has 661 institutional owners. Currently, 20% of IBIT shares are held by institutions and large advisors, and Balchunas predicts that number could double to 40% in the next 12 months. “It’s pretty crazy,” Balchunas said, emphasizing that the pace at which institutions are adopting Bitcoin as part of their portfolios is unusual.

This increase in institutional interest is also reflected in the 13F filings that the U.S. Securities and Exchange Commission (SEC) requires from investment management firms with assets over $100 million. These quarterly reports provide a transparent look at the assets of large investment firms, including hedge funds and pension funds, providing valuable insight into their investment strategies.

*This is not investment advice.

Source