The big advantage of the upcoming Bitcoin Spot ETF is the influx of institutional money. Concrete data from the SEC show that this is not just wishful thinking.

According to a securities prospectus of asset manager Hundredfold, the company plans to invest 15 percent of its fund volume (with the catchy name Hundredfold Select Alternative Fund) in Bitcoin.

"The fund will invest up to 15 percent of its total assets in Bitcoin", said a spokesperson.

A nice detail: the allocation must be through regulated products such as the ProShares Bitcoin Strategy ETF (which has not yet been accepted). Again, a clear signal of the potential influx of BTC capital once of BTC Spot ETF is approved.

"We don't talk enough about passive inflows into mutual funds. Every small cap, emerging market and bond fund will include bitcoin as part of their risk profile," writes X user @cjtrapp. Another X profile is beginning to see a pattern:

Breaking: A pattern is emerging. Other funds registered as securities already trading on the NASDAQ are ammending their prospectuses that they can now expose 15-50% of their AUM to Bitcoin, through the Spot Bitcoin ETFs. @saylor called it.

Here we see Advisors Preferred Trust… pic.twitter.com/Za7DNRXs36
— MartyParty (@martypartymusic) January 2, 2024

Hundredfold is an investment firm founded in 2004 that manages the Hundredfold Select Alternative Fund and has about $250 million under management. It is unclear when the Bitcoin Spot ETF will be launched. Market observers assume the SEC could give approval as early as tomorrow, Friday, Jan. 5.