More than 700 new funds bought bitcoin this past quarter

These 13F filings rolling out have been very eye opening.

They are filings of who owns what.

The bitcoin ETFs have been scooped up by a large number of new entrants.

Based on the filings we have thus far it looks like more than 700 new funds bought into the bitcoin ETFs during this past quarter.

(Source: https://x.com/BitcoinNewsCom/status/1824838600426426387/photo/1)

That is a lot of new investors.

My guess is this trend is going to continue for a long time, especially if bitcoin starts rallying again.