According to Odaily, Farallon Capital Management, Cetera Investment Advisers, and BigSur Wealth Management have reportedly made substantial investments in Bitcoin ETFs in the first quarter.
On May 24, Farallon Capital, a hedge fund management company based in San Francisco, disclosed an investment of $85.2 million in Grayscale's GBTC. According to data from Fintel, the company is one of the top ten holders of GBTC.
On the same day, Cetera Investment Advisers, an independent wealth center, also disclosed an investment of $22.6 million in GBTC, making it one of the top 25 companies with the most GBTC positions.
On May 22, BigSur Wealth Management disclosed an investment of $3.3 million in BlackRock's IBIT, making it one of the top 80 companies with the most investments in IBIT.
It is reported that these companies have not disclosed their holdings in other Bitcoin ETFs. However, Cetera Investment Advisers disclosed that its holdings in the ProShares Bitcoin Strategy ETF (BITO) increased by 83% compared to the previous quarter.