United Bank of America and Rothschild Corporation jointly purchased approximately $20 million worth of spot Bitcoin ETFs in Q1
According to CryptoSlate, US Bancorp disclosed on May 8 that its total investment in Bitcoin ETFs exceeded $15 million. The company revealed it purchased approximately 87,744 shares of Fidelity's FBTC worth $5.4 million, 46,011 shares of Grayscale's GBTC worth $2.9 million, and 178,567 shares of BlackRock's IBIT worth $7.2 million. According to the company's latest 13F filing, its total investment reached $71 billion. US Bancorp is one of the largest bank holding companies in the United States with an asset management scale (AUM) exceeding $663 billion by the end of 2023.
In addition, Edmond De Rothschild Holding SA disclosed on May 9 that its total investment in Bitcoin ETFs exceeded $4.2 million. The company reported it bought 103,600 shares of BlackRock’s IBIT valued slightly less than $4.2 million and also reported owning1 ,300 shares GBTC valued at$82 ,121 . According to their latest13F filing,the firm’s total investments amount to$6billion .
Over recent weeks and months several other firms have also disclosed investments into Bitcoin ETFs.Hightower Advisors,SouthState Bank,Susquehanna International Group,BNP Paribas,Burkett Financial Services,and Legacy Wealth Asset Management all purchasedETFs.Meanwhile MassMutualreported continuedinvestmentintoGrayscale’sGBTC,purchasinganadditional227sharesvaluedat$14 ,340onMay9.The mostrecentdisclosurescoverthe firstquarterof2024witha13FfilingdeadlinedateofMay15.Othercompaniesmaydisclosetheirinvestmentsinthenextfewdays.ExecutivesfromBlackRockandBitwisebelievethatinstitutionalinvestorswillcontinuepurchasingBitcoinETFs.
Related reading: Over $50 billion swept into US Bitcoin ETFs: Asset management companies are the main subscribers, with several Hong Kong institutions on the list.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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