Unlike the elusive Satoshi Nakamoto, hedge funds can’t hide their Bitcoin ETF holdings. (Photo by Janos Kummer/Getty Images)
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Welcome to your first 13F season, bitcoiners!
Since the bitcoin
Bitcoin
spot ETFs launched on January 11, this marks the first quarter we’ll see which investment managers have been orange-pilled (that’s Bitcoinese for people who have wholeheartedly embraced the digital asset). But, hold your applause—just because Blackrock’s iShares Bitcoin Trust, Fidelity’s Wise Origin Bitcoin Fund, or any of the other 11 spot bitcoin ETFs pops up in a filing doesn’t mean it’s necessarily cause for celebration.
We’ll get into why, but first here are the basic things you need to know about 13Fs.
A 13F is a quarterly filing required by the Securities and Exchange Commission (SEC) for institutional investment managers with at least $100 million in…
