Several investment firms have disclosed their investments in spot Bitcoin ETFs, with Jaffe Tilchin Investment Partners being one of them. The Florida-based investment manager and insurance services advisor revealed that it invested $11.3 million in spot Bitcoin ETFs during the first quarter. This amount included $9.8 million in BlackRock’s IBIT and $1.6 million in Grayscale’s GBTC.
Other firms that disclosed their investments include Nebraska-based investment advisor WealthPlan, which disclosed a $2.2 million investment in GBTC, and New Jersey-based investment advisor Skyview, which disclosed a $1.3 million investment in GBTC. Additionally, Texas-based Comerica Bank reported investing $647,000 across four funds, including GBTC, IBIT, Ark’s ARKB, and Fidelity’s FBTC.
These disclosures come after investments from other notable firms such as Millenium Management and Schonfield Strategic Advisors, as well as major global banks like Morgan Stanley, JP Morgan Chase, Wells Fargo, BNP Paribas, and UBS. In total, nearly 1000 firms have invested in spot Bitcoin ETFs since their launch in January.
K33 Research senior analyst Vetle Lunde reported that 937 professional firms had invested over $11 billion in US spot Bitcoin ETFs during the first quarter. Bloomberg ETF analyst Eric Balchunas also noted that 929 institutions owned at least one spot Bitcoin ETF, with 414 investors owning BlackRock’s IBIT.
The SEC approved spot Bitcoin ETFs in January, allowing investors to purchase these ETFs for the first time in the first quarter. GBTC, however, was available before its conversion to an ETF.
