Who owns bitcoin? Big asset managers hold the cryptocurrency itself, while pension funds and endowments stick to ETFs.

Large asset managers that offer bitcoin ETFs tend to hold some of the actual currency themselves, but pension funds, endowments and other institutional investors prefer to get bitcoin exposure through the ETF wrapper.

Sep 15, 2025 - 23:00
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Who owns bitcoin? Big asset managers hold the cryptocurrency itself, while pension funds and endowments stick to ETFs.
Large asset managers that offer bitcoin ETFs tend to hold some of the actual currency themselves, but pension funds, endowments and other institutional investors prefer to get bitcoin exposure through the ETF wrapper.

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