Norwegian Soblinwels Fund has greatly increased indirect exposure to bitcoin through investment in MicroStrategy, Coinbase, and Marathon Digital. Promoted by the introduction of the sector weight investment strategy and the introduction of spot -bitcoin ETF, the institutional adoption of bitcoin is growing.
Following the latest updates shared by the CNF coverage in 2024, Norway and the Central Bank in Switzerland have significantly increased microstratese shares and gained indirect bitcoin exposure. Norwegian government pension funds, the world’s largest Sobulinwels Fund, steadily increase the indirect exposure to bitcoin.
By the end of 2024, the funds related to Bitcoin were reached by about 3,821 BTCs, reaching about 3,56 million dollars, mainly by investing in micro strategies, coin basses, and marathon digital. According to K33 surveys, this has a significant increase of 153 % since the previous year.
Pullive movement or strategic bet?
Despite this growth, analysts believe that increasing exposure to bitcoin is not an intentional investment decision, but an unintentional result of the fund’s automatic sector enhancement strategy.
Vetle Lunde, a research manager of K33 Research, emphasized that Bitcoin is gradually becoming an indispensable part of the diverse investment portfolio, even if the institution does not actively seek direct exposure.
Specifically, she shared a table indicating how NBIM has adjusted its weight between the second and fourth quarter of 2024.
Norwegian’s Soblinwrans Fund (NBIM) has an indirectly holding 3,821 BTC, reflotting the increase in 1,375 BTCs since June 30, 2024 and the annual growth of 2,314 BTCs, and compared to the end of 2023. And it has increased by 153 %.
It is important to emphasize that this exposure is highly likely … pic.twitter.com/seq12cm2rn
-Vetle lunde (@vetlelunde) January 29, 2025
Norwegian sobrinewels fund has expanded its ownership of multiple companies with powerful bitcoin. Investing in MicroStrategy currently accounts for 0.89 % portfolio stocks, but the positions of Coinbase, Block Inc., and RIOT platforms are also increasing.
In addition, the fund started 0.82 % of Marathon Digital, one of the world’s largest bitcoin mining companies.
Instimated institutional adoption
This tendency of institutional adoption reflects a wider shift to bitcoin and digital assets. The recent introduction of Spot Bitcoin Exchange-Traded Funds (ETF) in the United States makes it easier for conventional investors to touch bitcoin.
A survey conducted by Swiss Crypto Bank Sygnum plans to increase the cipher assignment, emphasizing the expansion of the appeal of bitcoin.
Bitcoin market update
At present, Bitcoin (BTC) is trading for about $ 104,041, reflecting a small 0.56 % DIP from the previous day bat, increasing 0.84 % last week.
Despite the recent volatility, Bitcoin has been driven to increase the clarity of institutional adoption and regulation, and has been much higher than that level. With this momentum, BTC can test a higher resistance level in the next few months.
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