According to Forbes, according to FactSet data, Context Capital Management has allocated the largest proportion of the fund's stock portfolio to spot bitcoin ETFs. The La Jolla, California-based fund company has allocated about 50% of its equity funds to BlackRock's spot bitcoin ETFs. The largest position in BlackRock or Fidelity bitcoin ETFs disclosed by actively managed funds is the $40 million position held by Hong Kong-based alternative investment fund Yong Rong Asset Management.
In particular, Forbes senior correspondent Brandon Kochkodin pointed out that the companies appearing in the Securities Exchange Commission 13F filings are usually institutions with at least $100 million of eligible assets, and their disclosed funds are snapshot values, so in practice these institutions will still buy or sell spot Bitcoin ETFs. In addition, some banks and securities firms play the role of market makers, and their participation may be more about market mechanisms than real bets on Bitcoin.
Forbes: Context Capital Management allocates the largest proportion of Bitcoin ETFs in its portfolio, around 50%.
2024-05-11 15:27:31
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