Odaily reported that according to a report by K33 Research head Vetle Lunde, as of December 31 last year, institutional investors held 25.4% of the assets under management (AUM) of spot Bitcoin ETFs, totaling $26.8 billion. Between the third and fourth quarters of 2024, the percentage of Bitcoin ETF AUM held by institutions grew by 113%. Additionally, the proportion of AUM held by institutions grew by 4.1% quarter-over-quarter, with the total amount surging 69% to $78.8 billion by the end of the fourth quarter. According to Lunde's data, the number of investors gaining Bitcoin exposure through ETFs reached 1,576 last quarter, a 37.4% quarterly increase and a 68.2% annual increase. Furthermore, institutional interest in BlackRock's IBIT grew by more than 4 times in 2024. By the end of the fourth quarter last year, institutions reported holding $16 billion in IBIT shares, up from less than $4 billion at the end of the first quarter. Most of the growth occurred between the third and fourth quarters. (CryptoSlate)