Asset Management Firm Emerges as BTC Spot ETF 'Main Buyer,' Who Bought the Most?

1. The year 2024 was a key year for the entry of traditional financial capital into the cryptocurrency market, with the issuance of a Bitcoin spot ETF being a major driver.
2. The Bitcoin spot ETF saw a total cumulative inflow of $11.67 billion, leading to the highest cryptocurrency market cap increase of 64.93%.
3. Asset management companies became the "main force" behind the BTC spot ETF, with Sihuan International Group (SIG) holding $1.3 billion in assets, ranking first.
4. Several well-known financial institutions such as Bank of America, The Bank of New York Mellon, and JPMorgan Chase & Co. also participated in investments in the Bitcoin spot ETF.
5. The Bitcoin spot ETF attracted a diverse range of investors, from family offices to global wealth management companies, demonstrating the widespread appeal of the cryptocurrency market.