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US Banks And Wall Street Giants Buy Bitcoin ETFs
The post US Banks And Wall Street Giants Buy Bitcoin ETFs appeared on BitcoinEthereumNews.com. Recent SEC filings under the Form 13F have disclosed that several major Wall Street firms and US banks have started purchasing Bitcoin ETFs. These revelations underscore a growing institutional interest in Bitcoin, which could have considerable implications for the cryptocurrency’s acceptance and valuation. Julian Fahrer, the CEO of the Bitcoin-centric app Apollo Sats, highlighted the importance of these disclosures, stating on social media platform X, “BREAKING: 13F SEC Filings show US Banks are buying Bitcoin.” US Banks And Wall Street Buy Bitcoin ETFs Fahrer noted that these filings include purchases from a range of investment managers and family offices with assets under management from $200 million to $10 billion, signaling a broadening base of institutional acceptance. Particularly, he pointed out American National Bank’s investment in Ark’s ETF, describing it as “significant for breaking the seal on banks buying ETFs.” The second biggest name in the list is Park Avenue Securities LLC with an AUM of $9.9B which bought 7,328 GBTC shares worth $ 457,780. In total, Wall Street firms with a combined $15 billion in AUM bought exposure to Bitcoin ETFs worth approximately $4 million in Q1. The detailed breakdown of these investments is as follows: LexAurum Advisors, LLC purchased 11,973 shares of BlackRock’s IBIT ETF, totaling $484,547. Founders Capital Management acquired 261 IBIT shares for $10,563. Signal Advisors Wealth invested in 20,571 IBIT shares worth $832,496. Park Avenue Securities LLC bought 7,328 shares of Grayscale’s GBTC, amounting to $457,780. Marshall & Sullivan Inc purchased 4,040 GBTC shares for $255,207. Johnson & White Wealth Management, LLC acquired 9,810 GBTC shares totaling $613,125. BCS Wealth Management bought 9,196 GBTC shares valued at $574,750. Inscription Capital LLC invested in 4,866 GBTC shares worth $299,016. Wedmont Private Capital bought 3,471 shares of Fidelity’s FBTC ETF for $209,336. Gunderson Capital Management invested in 7,671…
The post US Banks And Wall Street Giants Buy Bitcoin ETFs appeared on BitcoinEthereumNews.com.
Recent SEC filings under the Form 13F have disclosed that several major Wall Street firms and US banks have started purchasing Bitcoin ETFs. These revelations underscore a growing institutional interest in Bitcoin, which could have considerable implications for the cryptocurrency’s acceptance and valuation. Julian Fahrer, the CEO of the Bitcoin-centric app Apollo Sats, highlighted the importance of these disclosures, stating on social media platform X, “BREAKING: 13F SEC Filings show US Banks are buying Bitcoin.” US Banks And Wall Street Buy Bitcoin ETFs Fahrer noted that these filings include purchases from a range of investment managers and family offices with assets under management from $200 million to $10 billion, signaling a broadening base of institutional acceptance. Particularly, he pointed out American National Bank’s investment in Ark’s ETF, describing it as “significant for breaking the seal on banks buying ETFs.” The second biggest name in the list is Park Avenue Securities LLC with an AUM of $9.9B which bought 7,328 GBTC shares worth $ 457,780. In total, Wall Street firms with a combined $15 billion in AUM bought exposure to Bitcoin ETFs worth approximately $4 million in Q1. The detailed breakdown of these investments is as follows: LexAurum Advisors, LLC purchased 11,973 shares of BlackRock’s IBIT ETF, totaling $484,547. Founders Capital Management acquired 261 IBIT shares for $10,563. Signal Advisors Wealth invested in 20,571 IBIT shares worth $832,496. Park Avenue Securities LLC bought 7,328 shares of Grayscale’s GBTC, amounting to $457,780. Marshall & Sullivan Inc purchased 4,040 GBTC shares for $255,207. Johnson & White Wealth Management, LLC acquired 9,810 GBTC shares totaling $613,125. BCS Wealth Management bought 9,196 GBTC shares valued at $574,750. Inscription Capital LLC invested in 4,866 GBTC shares worth $299,016. Wedmont Private Capital bought 3,471 shares of Fidelity’s FBTC ETF for $209,336. Gunderson Capital Management invested in 7,671…
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