Lo and Behold: Bitcoin‘s Royal Court Expands! ๐๐ฐ
In the grand tapestry of finance, a new epoch unfolds. The year is 2024, and the digital coinage known as Bitcoin has bewitched the hearts of 1,573 financial institutions, as per the meticulous chronicles of the sage Sam Callahan. ๐โจ
With the diligence of a scribe poring over ancient texts, Callahan sifted through the scrolls of the US Securities and Exchange Commission, unearthing the 13F filings that reveal the equity-related assets of investment titans. ๐ต๏ธโโ๏ธ๐
“By my count, there were 1,573 institutions with long exposure to Bitcoin in Q4 2024,” quoth the researcher, whose wisdom rivals that of a Tolstoyan protagonist.
โ” Sam Callahan (@samcallah) February 19, 2025
The Hesitant Embrace of the Financial Nobility
Yet, let us not be hasty in our adulations, for these filings, like a sonnet missing its final stanza, tell but a partial tale. They omit the vast lands of bonds, real estate, commodities, venture capital, futures, cash, and the elusive spot Bitcoin ETFs. ๐ฐ๐
The median Bitcoin stake across these noble houses stands at a mere 0.13%, a figure that whispers of a dalliance rather than a committed union. ๐๐ฐ
Among the notables, Horizon Kinetics has pledged $1.3 billion, or 16%, to the Bitcoin cause, while Bracebridge Capital has committed a quarter of its treasure. Tudor Investment Corp and Brevan Howard, too, have joined the fray with fervor. ๐ก๏ธ๐ผ
Yet, the grand strategists at Millennium, Jane Street, and Citadel engage with Bitcoin ETFs not for love, but for the sport of arbitrage. ๐ฒ๐ฐ
Even the venerable JPMorgan and Goldman Sachs have dipped their quills in the Bitcoin ink, though modestly, constrained by the chains of regulation. โ๏ธ๐๏ธ
In the grand scheme, Bitcoin’s ascension to the throne of institutional assets is but a tender sapling, with only 19% of filings bearing its mark. ๐ฑ๐
“Institutional investors managing trillions of dollars are still just dipping their toes in this market,” spake the oracle, foreseeing a future where inflows might elevate Bitcoin to unimagined heights. ๐ฎ๐
The SEC Chronicles: A Tale of Records
On the 19th day of February, Alphractal’s sovereign, Joao Wedson, beheld a portent. The SEC filings, those harbingers of financial fate, had etched the names ‘Bitcoin’ and ‘Ethereum‘ more than ever before. ๐๐ธ
“A major movement in crypto is coming as SEC filings mentioning โBitcoinโ and โEthereumโ have hit an all-time high! Institutions are in the game, and things are heating up,” he proclaimed to the masses. ๐ฅ๐ฒ
โ Joao Wedson (@joao_wedson) February 19, 2025
In this era of Trumpian governance, the winds of regulation have shifted, promising to usher Bitcoin and its cryptic brethren into the hallowed halls of mainstream finance. ๐๏ธ๐บ๐ธ
Yet, the common folk, those steadfast retailers, show signs of wavering conviction, their hands not yet steady as the markets dance to an uncertain tune. ๐ถ๐จโ๐ฉโ๐งโ๐ฆ
So we stand at the precipice, watching with bated breath as the saga of Bitcoin unfolds, a narrative as rich and complex as any Tolstoyan epic. ๐ช๏ธ๐
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2025-02-20 10:40