PANews April 17: According to a report by Cryptoslate, there are differences in how family offices and professional investors allocate spot Ethereum and Bitcoin ETPs, with family offices showing a preference for Ethereum. As per data from Bitwise as of December 31, 2024, family offices and trusts allocated 0.62% of their AUM to spot Ethereum ETPs, compared to only 0.13% for spot Bitcoin ETPs, making the allocation for Ethereum nearly five times greater (non-absolute value).

In terms of institutional allocation, hedge funds account for 36.97% of Bitcoin ETPs, investment advisors for 33.11%, and brokerage firms for 14.91%, with banks and other minor contributors totaling over 85%. Ownership distribution for Ethereum ETPs is more balanced, with brokerage firms, investment advisors, and hedge funds taking 25.25%, 29.79%, and 24.74% respectively, while the "Others" category accounts for 16.96%. Banks and pension funds moderately allocate to both Bitcoin and Ethereum products, with AUM in Bitcoin ETPs at 1.27% and 1.02% respectively, and in Ethereum ETPs at 0.62% and 0.90% respectively. Private equity firms show limited participation, with allocations of 2.90% for Bitcoin and 1.11% for Ethereum.

The largest holders of Bitcoin and Ethereum ETPs also differ. Millennium Management leads with $4.42 billion in Bitcoin ETPs, followed by Brevan Howard, Jane Street, and Goldman Sachs. In the Ethereum realm, Goldman Sachs leads with $477 million, Jane Street holds $450 million, and Millennium Management holds $182 million. Institutions like Jane Street, D.E. Shaw, and Brevan Howard appear on both lists, indicating their broad engagement in cryptocurrency ETPs.