On November 19, according to The Block, the latest disclosed 13F document in the United States showed that institutional investors adjusted their position strategies for Bitcoin ETFs in the third quarter of 2024, indicating that crypto-assets have further penetrated on Wall Street. BlackRock's iShares Bitcoin Trust (IBIT) remains the market leader, with nearly 700 institutional holders, a total shareholding of 160.2 million shares and US$42 billion in assets under management. Among them, Millennium Management increased its holdings by 12.6 million shares to 23.5 million shares, valued at US$848 million;Capula added 1.1 million shares of IBIT (US$308 million) and FBTC (US$288 million). At the same time, some institutions reduced their holdings or withdrew: Point72 cleared IBIT and FBTC, Jane Street significantly reduced its holdings of IBIT, but still held ARKB, BITO and FBTC. Goldman Sachs increased its holdings of 5.77 million IBIT shares, bringing its total shareholding to 12.7 million shares (US$710 million), becoming the second-largest holder, while Morgan Stanley reduced its holdings by nearly 450,000 shares, bringing its total holdings to US$183 million. The total assets under management of Bitcoin ETF currently reach US$92 billion. The analysis pointed out that as institutions reassess their stance on crypto assets, there may be more waves of structural allocation in the future. Bitcoin ETF option trading may be officially launched this week, further promoting market development.