According to InvestAnswers, a popular crypto analytics and market commentary programme, a surge in filings to the U.S. Securities and Exchange Commission (SEC) this year is indicative of institutional interest.
In a recent video, the host of InvestAnswers said that the number of SEC 13F filings referencing Bitcoin has increased to approximately 160 in the first two months of 2022, up from just 60 in the final quarter of last year. SEC Form 13F is a quarterly report that all institutional investment managers with at least $100 million in assets under management are required to file.
According to the show’s host, the sudden rise in filings mentioning Bitcoin shows that there has been a lot of institutional interest in Bitcoin this year. Despite Bitcoin’s poor performance in the first two months of 2022, InvestAnswers expects that the entry of institutional money will lead to the price skyrocketing. Kevin O’Leary, a well-known investor and Shark Tank star, said that institutional money would “totally change the game” for cryptocurrency.