Two ETFs to Invest in Salesforce Stock: IGV and FDN

The article discusses two ETFs that provide exposure to Salesforce stock (NYSE:CRM): iShares Expanded Tech-Software Sector ETF (IGV) and First Trust Dow Jones Internet Index Fund (FDN). Both ETFs have a Moderate Buy consensus rating and offer diversified investment options. IGV has returned 30.56% over the past year and has $11.57 billion in AUM, while FDN has gained 29.19% over the past year and has $7.04 billion in AUM.

Title: Institutional Bitcoin ETF Holdings Decline as Corporate Reserves Gain Traction

Institutional allocations to spot Bitcoin ETFs declined for the first time since their introduction, according to Q1 2025 13F filings [1]. This marks a shift from the strong initial inflows that followed the funds’ January 2024 launch. Hedge funds reduced exposure, and the futures-based arbitrage trade that initially fueled demand began to unwind. The annualized premium in CME futures over spot prices, which incentivized long spot ETF and short futures pairings, fell from around 15% earlier in the year to near zero by the end of Q1.

Despite the retrenchment among fast-money managers, other long-term allocators initiated or increased positions during the same period. Abu Dhabi’s Mubadala sovereign wealth fund boosted its IBIT stake to 8.7 million shares, estimated at $409 million. Brown University added a $4.9 million position, and filings also showed modest entries from various endowments and sovereign entities.

The cooling institutional interest aligned with the daily ETF flow data. On June 5, U.S. spot Bitcoin ETFs posted net outflows of $278 million, marking the fourth day of outflows in the past week [2]. The softness in institutional holdings does not appear to have affected flows, with year-to-date net inflows totaling $9 billion, against more than $44 billion in net inflows since launch.

BlackRock, a major player in the institutional crypto market, deposited 4,113 BTC ($429.4M) on Monday to Coinbase Prime, recording its first sell after a month of consistent purchases [2]. This move signals a possible shift in institutional sentiment and could increase short-term BTC volatility.

The 11 spot Bitcoin ETFs recorded net outflows for the second consecutive day on May 30, totaling $616.1 million. This day also saw BlackRock’s iShares Bitcoin Trust (IBIT) record its largest outflow of $430.8 million [2].

Despite the decline in institutional ETF holdings, corporate Bitcoin ownership shows little sign of declining overall. Trump Media Group and GameStop are among the public companies exploring direct holdings of Bitcoin on their balance sheets rather than purchasing via ETFs.

The total assets across the Bitcoin ETF ecosystem remain substantial, with over $120 billion in combined AUM. However, the evolving investor mix suggests the fast early growth driven by arbitrage-driven funds may not be sustained at the same pace.

The next 13F cycle in July will provide a clearer picture of whether longer-horizon allocators continue to step in to fill the gap left by arbitrage-driven trades.

References
[1] https://cryptoslate.com/institutional-bitcoin-etf-holdings-decline-while-direct-corporate-btc-reserves-gain-traction/
[2] https://www.cryptopolitan.com/blackrock-breaks-buying-streak/