Sec filings reveal financial institutions interested in Bitcoin

Research on the SEC filing found that financial institutions are showing a huge inclination toward bitcoin adoption. 

 Since the beginning of this crypto industry, we have seen the adoption of the crypto industry, especially Bitcoin, among retail investors only. But last year, the decision of Nayib Bukele, president of El Salvador, changed the game for the whole world. Now many financial institutions are considering going with Bitcoin adoption directly and indirectly but current laws are not able to provide better clarity, whether they can go with Bitcoin or not. 

The research found that SEC filings mentioned Bitcoin several times over last year. The filing of 13F with SEC used the Bitcoin word many times over quarterly a quarter last year. 

The report found that the majority of the times mentioned Bitcoin word was associated with the matter of regulations and rules on the crypto industry. It is found that the SEC mentioned the Bitcoin world around 155 times in the January quarter, which is 158% over the fourth quarter of last year. 

The report noted that such things are hinting that the SEC might be considering making some better decisions to allow the financial institutions to go with Bitcoin or other high market cap crypto assets. 

13F filings 

13F filings are the necessary guidelines on all the Assets fund manager institutions, which are managing $100 million or more funds. Quarterly Reporting requirements are a mandatory pressure on these AUM, where they publicly announce for which thing they invested. 

However, it is not necessary to give a record for every particular investment of the funds but AUM is required to report the subset of investments. 

At present, the majority of the financial institutions are using Grayscale’s Bitcoin Trust (GBTC) as the best option to invest in Bitcoin. From 2020 to 2021, Grayscale saw a huge inflow of investment and that pumped the total holdings under Grayscale.

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