Institutional investors have gradually disclosed their holdings of Bitcoin ETF in the 13F filings submitted to the US SEC. As of now, the two largest institutions holding Bitcoin ETF are BNP Paribas in France and BNY Mellon in New York. BNY Mellon holds nearly 20,000 IBIT shares and about 7,000 GBTC shares, while BNP Paribas holds only about 1,000 IBIT shares.

In addition, Quattro Advisors in Pittsburgh and Legacy Wealth Management also showed large-scale holdings, with Quattro Advisors holding more than 468,000 IBIT shares and Legacy Wealth holding more than 350,000 FBTC shares.

One of the largest institutions holding IBIT is Yong Rong, which disclosed in its 13F filing that it holds over 1 million IBIT shares, becoming one of the largest assets in its investment portfolio. Bloomberg ETF analyst Eric Balchunas pointed out that Yong Rong is not the only Hong Kong asset management company investing in Bitcoin ETF, as Ovata holds multiple Bitcoin ETF shares, including FBTC, GBTC, BITB, and IBIT.