Since January 2024, US corporate investors have purchased more than $13 million worth of Bitcoin- based ETFs , CryptoQuant CEO Ki Young Ju said.

Citing Form 13F, a quarterly document in which asset managers disclose information about U.S. stocks, Young Ju noted that in the 10 months since the launch of U.S. ETFs, 1,179 institutions have purchased 193,064 BTC.

Traditional financial giants like Millennium Management and Jane Street control 20% or 961,645 BTC, worth about $65 billion. These assets are spread across 11 ETFs issued by BlackRock, Bitwise, Grayscale, Fidelity and other issuers.

According to Bloomberg stock analysts Eric Balchunas and James Seyffarth, this indicates that asset managers are gradually getting used to new products based on the flagship cryptocurrency.

The most popular among institutional investors was BlackRock's IBIT. It also became the fastest-growing fund in US financial history. In a short period of time, it recorded the third-largest inflow of funds, competing with traditional ETFs that have existed for more than 20 years.