A Pension, a Cowboy, Hedge Funds: Here’s Who Is Buying Bitcoin ETFs

In this edition of the Bloomberg Crypto newsletter, Isabelle Lee sifts through the latest investment-manager filings to find out what firms are riding the range of spot-Bitcoin ETFs.

While the money flooding into spot-Bitcoin exchange-traded funds has slowed to a trickle, their combined net inflow of almost $12 billion since the January debut has nonetheless been impressive. Which begs the question: Who exactly is investing in these ETFs?