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Institutional adoption of Bitcoin ETFs has risen significantly

Institutional interest in US spot Bitcoin ETFs is accelerating rapidly. According to 13F filings, the number of institutional holders has surged from just 61 in March 2024 to over 3,300 by mid-February 2025. This exponential growth highlights how Bitcoin ETFs are becoming a mainstream vehicle for digital asset exposure, particularly among institutions seeking a secure, regulated entry point into crypto. (Source: Bloomberg, Bitwise Europe; data as of February 16, 2025)

What, if any, of the following exposures are you most interested in allocating to in 2025?

Institutional interest in spot crypto ETFs surged in 2024, jumping from 13% to 22%—reflecting growing demand for regulated, direct exposure to digital assets. While crypto equity ETFs remain the most consistently favored, there's a noticeable rise in appetite for multi-asset crypto funds and individual crypto equities. Notably, the percentage of respondents indicating “no interest” dropped sharply from 44% in 2022 to just 11% in 2024, signaling a broader shift toward proactive crypto allocation strategies heading into 2025. (Source: The Bitwise/VettaFi 2025 Benchmark Survey of Financial Advisor Attitudes Toward Crypto Assets)

Distribution Active vs. Passive Strategies | Funds %

Distribution Active vs. Passive Strategies | AUM %

New data from HFR’s expanded classification of crypto hedge fund strategies reveals a clear tilt toward active management. While 70% of crypto funds use active strategies, those strategies account for a slightly smaller share of total AUM—just over 57%. This suggests that while passive products are growing, institutions still favor actively managed approaches when navigating crypto’s complexity, volatility, and opportunity. As HFR continues to track 145+ funds across 11 sub-strategies, this breakdown offers deeper insight into how capital and conviction are being allocated in the evolving digital asset space. (Source: HFR WORLD: New Crypto Sub-Strategies)