France’s Paris Bank Acquires Belay Bitcoin ETF, Expect More Institutional Disclosures in the Next Two Weeks

The second largest bank in Europe, BNP Paribas, with assets under management exceeding $600 billion, has disclosed in its recent 13F filing submitted to the Securities and Exchange Commission (SEC) that it has invested in a bitcoin spot ETF through the asset management giant BlackRock’s IBIT.
It is worth noting that large investment institutions with assets under management exceeding $100 million are required to disclose their quarterly holdings through the 13F filing by May 15. Therefore, in addition to BNP Paribas, more banks are expected to disclose their holdings in the next two weeks, and it is possible that more institutions have purchased bitcoin.
Analysts also pointed out that although BNP Paribas’ disclosed investment amount is only $40,000, accounting for only 0.07% of its total asset size, the participation of banking institutions can undoubtedly indicate that bitcoin spot ETFs are increasingly recognized and paid attention to by the market. This is undoubtedly a great positive for bitcoin and even cryptocurrencies.
According to Sosovalue data, since the approval of bitcoin spot ETFs on January 11, the total net inflow of funds for such products has reached $11.2 billion, with a total net asset value of approximately $47.1 billion as of May 1.
In addition, on April 30, Hong Kong officially listed bitcoin and ethereum spot ETF products from Bosera, Huatai, and CSOP Asset Management, marking the first case in Asia.
In the future, if more influential traditional financial institutions like BNP Paribas enter the market, it is expected to bring more capital infusion to bitcoin.
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