EddieJayonCrypto
16 Apr 25
Family offices and professional investors show different allocation patterns between Ethereum (ETH) and Bitcoin (BTC) exchange-traded products (ETPs). Family offices allocate 0.62% of spot Ethereum ETP assets under management (AUM) compared to 0.13% for Bitcoin, indicating a stronger relative prefer...
Family offices allocate nearly five times more to Ethereum ETFs than Bitcoin ETFs, indicating differing risk appetites and investor profiles within institutional investors. Hedge funds and investment advisors dominate Bitcoin ETF holdings, accounting for over 70% of total allocations, while Ethereum ETF ownership is more evenly spread among brokerages, advisors, hedge funds, and a significant "Other" category. Banks, pension funds, private equity, venture capital, and insurance companies maintain limited exposure to both Bitcoin and Ethereum ETFs, typically representing less than 3% of total assets under management (AUM) in these categories. Top institutional holders vary between Bitcoin and Ethereum ETFs: Millennium Management leads in Bitcoin ETP holdings with $4.42 billion, whereas Goldman Sachs tops Ethereum holdings with $477 million. Some firms participate actively in both markets, but many specialize, highlighting Bitcoin’s dominance contrasted with Ethereum’s more diversified investor base. Family offices allocate 0.62% of spot Ethereum ETP AUM compared to only 0.13% in Bitcoin, showcasing a stronger relative preference for Ethereum among these investors. Bitcoin continues to dominate total institutional AUM, especially among hedge funds and investment advisors, while Ethereum attracts a more balanced institutional ownership profile and a broader variety of participants. Despite Bitcoin’s absolute dominance, Ethereum ETFs appeal to a distinct set of secondary institutions and smaller, often more flexible allocators, pointing toward divergent institutional forces shaping these crypto asset classes. Overall, the data reveals nuanced allocation patterns with family offices favoring Ethereum, hedge funds and advisors backing Bitcoin, and a modest but present involvement from banks, pension funds, and private equity entities in crypto ETFs.