Within the newest big-name transaction round Bitcoin, $130 billion asset supervisor Hightower has revealed it bought $68 million price of Spot Bitcoin ETFs. In the present day, Hightower disclosed the next Bitcoin ETF positions in a 13F SEC filing:
- Grayscale BTC: $44,838,000 (709,956 shares)
- Constancy Bitcoin ETF: $12,410,000 (200,084 shares)
- BlackRock Bitcoin ETF: $7,621,000 (188,397 shares)
- ARK Bitcoin ETF: $1,702,000 (23,964 shares)
- Bitwise Bitcoin ETF: $988,000 (25,449 shares)
- Franklin Templeton Bitcoin ETF: $788,000 (19,129 shares)
The varied set of investments in Bitcoin ETFs is an fascinating word, nonetheless, it solely grows optimism on the earth’s main cryptocurrency nonetheless. Hightower Advisors is without doubt one of the main RIA companies within the nation. The agency helps develop monetary advisory companies and join shoppers with monetary advisors.
Hightower Turns into Newest Huge-Identify Spot Bitcoin ETF Investor
The success of Spot Bitcoin ETFs has been simple. Since SEC approval in January 2024, the ETF market has been taken over by Bitcoin, and the asset for the reason that begin of the yr has skyrocketed to all-time highs. Traders in search of new choices to place their cash into have regarded to BTC as a major participant in inventory buying and selling. Moreover, with the assistance of Spot Bitcoin ETFs from Grayscale, BlackRock, and different choices, the asset has change into a family identify throughout the nation.
Also Read: Hong Kong Bitcoin ETFs Predicted to Hit $1B AUM in 2024
There isn’t a clear motive why Hightower break up up its Spot Bitcoin ETF investments in the way in which they did, nonetheless, the unfold continues to be big information. This funding in BTC ETFs solely raises the curiosity of different asset administration companies in Bitcoin and the exchange-traded funds. Moreover, trillions of {dollars} have gone into these belongings over the previous few months, and the prepare doesn’t seem like slowing down.
Hightower has but to publicly touch upon their resolution to speculate $68M into Spot Bitcoin ETFs.
