Investing in Spot Bitcoin ETFs.
Wolverine Asset Management and Envestnet have invested more than $96 million in Fidelity's Bitcoin ETF, according to Form 13F.
In addition, Envestnet has invested more than $19 million in Bitcoin funds from Grayscale, ARK Invest, BlackRock and Bitwise.
Bank of Montreal also invested more than $6.5 million in Bitcoin-ETF shares, with assets under management amounting to $333 billion.