Investments in exchange-traded funds (ETFs) for spot Bitcoin (BTC) are experiencing a significant surge, according to Vetle Lunde, a senior analyst at crypto intelligence platform K33 Research. Lunde took to social media platform X to share his findings, revealing that the number of professional firms investing in Bitcoin ETFs in the first quarter surpassed those investing in gold ETFs during their initial quarter. Lunde based his analysis on 13F filings, which are quarterly reports submitted to the U.S. Securities and Exchange Commission (SEC) by institutional investment managers with over $100 million in assets under management (AUM). As of March 31, 937 professional firms were invested in US spot ETFs, compared to 95 professional firms invested in gold ETFs. Lunde also highlighted that retail investors hold the majority of spot Bitcoin ETFs, accounting for $47.96 billion in investments, which represents 81.3% of the assets under management. In contrast, professional investors held $11.06 billion, or 18.7% of the BTC ETF AUM, by the end of Q1. Lunde noted that the ARK 21Shares Bitcoin ETF (ARKB) and the VanEck Bitcoin Trust (HODL) attracted the highest portion of institutional capital. Financial giants such as Morgan Stanley, JPMorgan, and Wells Fargo have been acquiring Bitcoin ETF shares. For instance, Morgan Stanley purchased 4.27 million shares of the Grayscale Bitcoin Trust (GBTC) worth $269.8 million, while JPMorgan holds approximately $760,000 in spot BTC ETFs on behalf of its clients. Similarly, Wells Fargo disclosed that it has 2,245 shares of the GBTC worth $121,000 for its clients. The State of Wisconsin also recently revealed that it has significant holdings in two Bitcoin trusts, with nearly $163 million worth of Bitcoin ETF holdings in BlackRock’s iShares Bitcoin Trust (IBIT) and GBTC. It is crucial for investors to conduct thorough research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl does not provide investment advice, and readers should be aware that any transfers or trades they make are done at their own risk.