Family offices and professional investors allocate exchange (ETH) and Bitcoin (BTC) and Botcoin (ETP) products, with family scholarships demonstrating a relatively higher preference for Ethereum.
According to data compiled by ILO on December 31, 2024, family offices and trustees go 0.62% of andp andp assets from the SPOT (AUM) management, against only 0.13% for ETP Bitcoin Spot.
This represents an almost higher part of allowance for Ethereum among this category of investors, although it does not result in absolute values.
The difference highlights the divergent institutional forces between the two asset classes. While Bitcoin continues to dominate in the total institutional alms, including hedge funds and investment advisers, Ethereum has a greater relative attraction among smaller, often more flexible beneficiaries such as families.
The broader composition of the ETP market also reflects these contrasts in investor profiles and risk appetites.
Hedge funds, advisers and carriers
The Hedge Funds represent the largest share of Bitcoin ETP AUM at 36.97%, followed closely by investment advisers at 33.11%. The brokers add an additional 14.91%, combining more than 85% of the total allowances when the smaller contributors are included such as banks and pension funds.
On the other hand, the Ethereum ETP property is more uniformly distributed between the pruning (25.25%), the investment advisers (29.79%) and the desire funds (24.74%), with a much larger “other” category comprising 16.96%of Ethereum ETP AUM.
Banks and pension funds go modestly to Bitcoin and Ethereum products. Bitcoin ETPs holds 1.27% and 1.02% of their alms of banks and pension funds, respectively, while Ethereum ETPs receive 0.62% and 0.90%.
Investment capital companies show an equally limited involvement, allocating 2.90% with Bitcoin and 1.11% in Ethereum.
Despite the relative inclination to Ethereum among the family offices, their total allowance remains a small part of the global institutional activity. Capital capital companies and insurance companies declare negligible exposure to one or the other ETP class.
Institutional holders vary according to assets
The most important carriers also differ between Bitcoin and Ethereum ETPS. Millennium Management, with $ 4.42 billion in Bitcoin ETP Holdings, ranks first at Bitcoin, followed by Brevan Howard, Jane Street and Goldman Sachs.
In the Ethereum segment, Goldman Sachs leads with $ 477 million, followed by Jane Street at $ 450 million and millennium management at $ 182 million.
Some institutions, such as Jane Street, by Shaw and Brevan Howard, appear on the two lists, indicating a wide commitment with ETP Crypto.
However, several companies, including Elequin, HBK Investments, SG Americas Securities and ALMITAS CAPITAL, are only represented among the best holders of ETP ETP. Conversely, the management of the Capula and the Kinetics of Horizon hold Bitcoin ETP material positions but do not appear among the main institutional owners of Ethereum.
This division suggests that if major asset managers and market manufacturers are active on the two markets, Ethereum attracts a more distinct group of secondary institutions.
The rupture affirms the continuously continuous domination of Bitcoin, but also reveals a more diverse and distributed investor base on the ETHEREUM market.
