Tracking Institutional Bitcoin Allocations: ETF-Tracker Update
New Data: Institutional Portfolio Allocation & Growth
Dear Bitcoiners,
The ETF-Tracker just received its latest update, further improving the tracking of institutional data. As promised, new charts now track institutional portfolio Bitcoin allocation and the total number of institutions entering the market. In this newsletter, we’ll break down the latest insights and reflect on current price action.
ETF-Tracker: Institutional Adoption
Institutions with >$100M in Assets Under Management (AUM) are required to file their holdings with the SEC. However, many filings use different naming conventions, making it difficult to accurately track their Bitcoin allocations.
The latest ETF-Tracker update improves accuracy by refining the algorithm to include nearly all institutions. Last week’s newsletter reported a total institutional Bitcoin allocation of 305,000 BTC. With this improved methodology, that number has now increased to 342,000 BTC.
I've seen others attempting to track this data, yet only reporting 200,000 BTC. The Bitcoin Strategy ETF-Tracker is likely the most precise tool available for tracking institutional Bitcoin adoption!
Institutional Portfolio Bitcoin Allocation (NEW CHART)
In addition, a new chart has been added to track the average portfolio allocation to Bitcoin. As we’ve mentioned in the past, BlackRock recommends a 2% allocation to Bitcoin. In the chart below, we see that the current average allocation among institutions stands at 1.2%.
👉 Key insight: While we’re in the early stages of institutional adoption, we can already observe that portfolio allocations to Bitcoin are increasing.
There are some caveats, and perhaps opportunities for further improvement. Some institutions use financial sub-entities to file their reports, meaning their full AUM isn’t always reflected. As a result, the portfolio allocation may be slightly overestimated—but still serves as a reasonable estimate, given the total number of institutions reporting.
With all this institutional interest, why isn’t price moving? Let’s look at the numbers!