Bitwise Chief Information Officer: The institutional adoption rate of Bitcoin ETF is faster than any other ETF in history

Matt Hougan, Chief Information Officer of Bitwise, wrote on X: "Bitcoin ETFs are being accepted by institutional investors faster than any other ETF in history. Bitcoin ETF is the fastest growing ETF in history. Since its launch in January this year, it has attracted $17.5 billion in net inflows. This will break the record previously held by Nasdaq-100QQQs, which attracted about $5 billion in its first year on the market. I used a list from Eric Balchunas (Bloomberg ETF analyst) to study the institutional holdings of the 10 fastest-growing new ETFs in history (ranked by AUM one month after listing). The only ETF that can be slightly compared is Nasdaq-100QQQs, but the reference is not very meaningful.

The ETF was launched in March 1999, but I didn't find the fund's historical 13F data until the first quarter of 2001, which was the ninth quarter after its launch. Even so, Bitcoin ETFs still have 3x as much institutional holdings as they do now. The ‘problem’ is that retail adoption of Bitcoin ETFs is so high that institutional adoption pales in comparison. ETFs are great because both institutional and retail investors can own them. But don’t be fooled by the historic retail adoption of Bitcoin ETFs, they are also gaining institutional attention faster than any other ETF in history.”