SEC Filings Mentioning “Bitcoin” Surge in 2022

SEC Filings Mentioning “Bitcoin” Surge in 2022

March 7, 2022 0 By Keith Jacobs

Financial experts and market analysts have been seeing a positive trend in the development of Bitcoin over the last year. A recent article claimed that during the last few months, the mention of Bitcoin has increased considerably in the financial filings and documents submitted by the commercial enterprises to SEC.

The Securities and Exchange Committee is the central financial regulator in the United States; therefore, every financial institution in the region needs to update its dealings with the agency. The observation noted that the Bitcoin mentions were particularly visible in the 13F filings. CoinMetrics clarified that over the last year, there were around 60 mentions.

It is worth noting that every financial enterprise that is operating an AUM or asset under management above $100 million is legally bound to file a 13F form with SEC every quarter. The fact that the mention of Bitcoin in these 13F filings has been increasing throughout the last year can be a sign that the institutional interest for Bitcoin among the biggest players is increasing in the region.

Another important factor that should be taken into consideration here is that financial organizations are not obligated by the law to report the full extent of their invested interest in a particular asset class such as Bitcoin. Therefore, it is likely that the current amount of disclosed Bitcoin positions taken up by the big financial players are much bigger than anticipated.

The new data compiled by CoinMetrics suggests that Bitcoin as an asset class has also made an important advance as derivatives. Grayscale Bitcoin Trust or GBTC is currently the placeholder for the largest Bitcoin holdings in the world. Naturally, the fund kept growing last year, and it is reflected in the 13F filings by the organization submitted to SEC.

Meanwhile, there are other big financial organizations like Valkyrie Bitcoin Strategy ETF that are also added to the 13F filing documents of the company. Another similar derivative is Bitcoin Strategy ETF by ProShares or BITO, which is reflected accordingly in the 13F SEC filing. Those who are looking to see the impact of Bitcoin among institutional investors should take a detailed view of the public SEC listings from last year.