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Investments in spot Bitcoin ETFs.
According to Form 13F, Wolverine Asset Management and Envestnet invested over $96 million in Fidelity's Bitcoin ETF.
In addition, Envestnet invested more than $19 million in bitcoin funds from Grayscale, ARK Invest, BlackRock, and Bitwise.
The Bank of Montreal, which manages assets of $333 billion, also invested over $6.5 million in shares of Bitcoin ETFs.
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💰 JUST IN: VanEck’s Bitcoin ETF Gains $109 Million Net Asset, Holds $619 Million Bitcoin in Q1.
Author's comment:
VanEck's Bitcoin ETF, officially known as the VanEck Bitcoin Trust and trading under the ticker HODL, has seen significant growth in its assets. By the end of the first quarter of 2024, it managed to accumulate a substantial amount of Bitcoin, with its net assets increasing notably. The trust holds a considerable $619 million worth of Bitcoin, signaling strong investor confidence and a robust start for this financial product.
The VanEck Bitcoin Trust is part of a broader trend where significant funds are expected to flow into spot Bitcoin ETFs. For the first quarter of 2024 alone, VanEck projected an inflow of $2.4 billion into these ETFs, which is expected to support the Bitcoin price.
For further detailed updates and performance metrics, you might want to check VanEck’s official resources or financial news platforms that track ETF performances.
Author's comment:
VanEck's Bitcoin ETF, officially known as the VanEck Bitcoin Trust and trading under the ticker HODL, has seen significant growth in its assets. By the end of the first quarter of 2024, it managed to accumulate a substantial amount of Bitcoin, with its net assets increasing notably. The trust holds a considerable $619 million worth of Bitcoin, signaling strong investor confidence and a robust start for this financial product.
The VanEck Bitcoin Trust is part of a broader trend where significant funds are expected to flow into spot Bitcoin ETFs. For the first quarter of 2024 alone, VanEck projected an inflow of $2.4 billion into these ETFs, which is expected to support the Bitcoin price.
For further detailed updates and performance metrics, you might want to check VanEck’s official resources or financial news platforms that track ETF performances.
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
