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The Mining Pod | Bitcoin Mining News

The 1,500+ Funds That Have Bitcoin Exposure w/ Sam Callahan

Apr 1, 2025
55:11

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Welcome back to The Mining Pod! Today, Sam Callahan joins us to discuss his viral research on institutional Bitcoin ETF holders. Sam manually analyzed 1,573 public filings to uncover who's buying Bitcoin ETFs – and how much they are buying. Callahan explains how each fund’s approach differs, how sovereign wealth funds are quietly accumulating, and why these inflows prove that bitcoin has crossed the rubicon into new financial territory. Plus, why pension funds, endowments, and financial advisors are the critical gateway for mainstream bitcoin adoption.



# Notes:

- Median Bitcoin ETF allocation is just 0.13%

- 1,573 institutions with Bitcoin ETF exposure

- Abu Dhabi Wealth Fund has $473M Bitcoin position

- BlackRock recommends 1-2% Bitcoin allocation

- Only 19% of 13F filings had Bitcoin exposure

- Top fund positions range from 5-16% allocation



Timestamps:

00:00 Start

01:25 Data collection

06:14 Surprises

09:17 Other commodity holdings

11:30 Riding the ETF wave?

24:24 Interesting BTC holders

29:20 Other potential holders

43:15 Tracking going forward

46:22 Mining stock still considered leveraged BTC?


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