BTC Weekly: Week 7 (2025)
Key Events from 2/9/2025-2/15/2025
SEC 13F filings show institutions increasing their holdings of Blackrock’s Bitcoin ETF (IBIT):
$2.6B Millennium Management (Crypto Briefing)
$1.38B Brevan Howard (@MacroScope17)
$1.35B Goldman Sachs (Forbes)
$599M Avenier, Hong Kong (@MacroScope17)
$461M Abu Dhabi Sovereign Wealth Fund (The Block)
$339M State of Wisconsin Investment Board (CoinDesk)
$248M Tudor Investment (@singularity7x)
$131M Barclays Bank (The Block)
$25M Bank of America (@Julian__Fahrer)
All of Canada's Big Six banks have collectively invested about $21M in U.S. Bitcoin ETFs since their January 2024 launch, with BMO holding the largest share at $13.5M. (The Logic)
Japanese energy company Remixpoint increased its cryptocurrency holdings by over 8,000% in nine months, reaching a value of approximately $16.5M as of December 31, 2024. (CoinDesk)
The University of Austin is launching a $5M Bitcoin fund with a 5-year HODL strategy, aiming to capitalize on long-term cryptocurrency growth. (Cointelegraph)
The Wyoming Highway Patrol Association is exploring adding Bitcoin to its balance sheet, potentially becoming the first U.S. law enforcement union to hold the cryptocurrency. (The Street)
State Street ($4.3T AUM) and Citi ($154.5B MC) are reportedly exploring crypto custody services, signaling growing institutional interest in offering secure storage solutions for digital assets. (CryptoSlate)
Japan’s Financial Services Agency (FSA) plans to lower the crypto tax rate to a flat 20% and permit Bitcoin ETFs in 2025. (Money Check)
Hong Kong now recognizes crypto assets as valid proof of wealth for its Capital Investment Entrant Scheme (CIES), allowing investors to include cryptocurrencies in their asset declarations for residency applications. (Investment Migration Insider)
Summary
This week, SEC filings revealed that major institutions, including hedge funds, banks, and sovereign wealth funds, are increasingly investing billions in Blackrock’s Bitcoin ETF (IBIT). In Hong Kong, Avenier (investment firm) saw its Bitcoin ETF holdings surge, and the region now recognizes crypto as valid proof of wealth for residency applications. In Japan, Remixpoint (energy company) boosted its Bitcoin investments, while the Financial Services Agency plans to lower crypto taxes and permit Bitcoin spot ETFs in 2025. In Canada, all six major banks have started purchasing Bitcoin ETFs. In the U.S., the University of Austin launched a Bitcoin fund with a long-term strategy, and a Wyoming law enforcement union is exploring adding Bitcoin to its balance sheet. Finally, State Street and Citi are investigating crypto custody services.