The final quarter of 2024 marked a significant surge in institutional investments into U.S. Bitcoin ETFs with 1576 professional firms now holding positions. This represents a substantial increase with 429 more entities getting on board compared to the previous quarter. These firms now manage a total of $26.8 billion in assets under management reflecting a 113% increase from Q3.

Spot Bitcoin ETFs attracted a larger slice of institutional money with ownership percentages climbing to 25.4%. This is a marked rise from the 21.3% recorded in the third quarter. The increase is primarily driven by aggressive acquisitions by institutions particularly in IBIT ETFs.

The trend highlights growing confidence among professional investors regarding the stability and potential of cryptocurrency investments. This shift could herald a broader acceptance of cryptocurrencies in traditional investment portfolios moving forward.