News continues to emerge about new buyers and holders of spot Bitcoin ETFs.
Today it became known that their list includes the Chicago consulting firm Hightower Advisors (assets under management - $130 billion), which, according to the SEC, bought shares of Bitcoin ETF for $68 million. Hightower Advisors is notable for being ranked second in Barron's magazine (a division of Dow Jones & Company) in 2023 on its list of the top 100 registered investment advisory firms.
Hightower Advisors has allocated $68 million to six spot Bitcoin ETFs and the distribution looks interesting:
- $44 million - in Grayscale,
- $12 million - in Fidelity,
- $7 million - at BlackRock.
The rest are at ARK, Bitwise and Franklin Templeton.
The absolute leader in their preferences is #Grayscale, and the large (compared to others) commission did not scare them away.
Earlier the other day it became known that Hong Kong companies are also putting their money into American spot Bitcoin ETFs. Despite the approval of Bitcoin and Ethereum ETFs in Hong Kong, offerings in the US continue to attract attention due to low fees and high volume.
For example, Yong Rong Asset Management from Hong Kong bought $38 million of#IBITshares, which is 12% of its total assets. Ovata Capital Management now owns assets in four spot Bitcoin ETFs (from Fidelity, Grayscale, Bitwise and BlackRock) with a total value of $74 million.
Earlier in mid-April,#Bloombergsenior ETF analyst Eric Balchunas wrote that 41 fund managers have been reliably identified as holding shares in the Bitcoin ETF#BlackRockand #Fidelity. These are funds that have officially reported on Form 13F. And they account for only 0.4% of all shares.
