Farallon Capital discloses $85 million in GBTC, Cetera discloses $22 million in GBTC

Share This Post

Farallon Capital Management, Cetera Investment Advisers, and BigSur Wealth Management have reported multi-million dollar investments in spot Bitcoin ETFs in the first quarter.

Farallon Capital, a San Francisco-based hedge fund manager, disclosed an $85.2 million investment in Grayscale’s GBTC on May 24.

Based on Fintel data, the company is among the 10 firms with the largest GBTC positions.

Independent wealth hub Cetera Investment Advisers disclosed a $22.6 million investment in GBTC on May 24, placing it among the 25 firms with the largest GBTC positions.

BigSur Wealth Management disclosed a $3.3 million investment in BlackRock’s IBIT on May 22, placing it among the 80 firms with the largest IBIT investments.

None of the companies disclosed positions in other spot Bitcoin ETFs. However, Cetera Investment Advisers disclosed an 83% increase in its position in ProShares Bitcoin Strategy ETF (BITO) from the previous quarter.

First quarter of spot BTC ETFs

The latest filings describe investments during the first quarter despite their late filing date and add to overall industry totals for the first quarter.

Shortly before the May 15 filing deadline, Bitwise CIO Matt Hougan estimated that 563 professional investment firms had disclosed $3.5 billion in spot Bitcoin ETF holdings. On May 15, pseudonymous analyst Trader T reported that 929 institutions had invested in at least one spot Bitcoin ETF.

Major global banks, including JP Morgan Chase, Wells Fargo, BNP Paribas, Morgan Stanley, and BNY Mellon, have all invested in spot Bitcoin ETFs.

Susquehanna, Horizon Kinetics, and Morgan Stanley remain the firms with the largest GBTC positions, while Millennium and Schonfeld Strategic Advisors remain the firms with the largest IBIT positions.

The crypto sector now anticipates the launch of spot Ethereum ETFs following the approval of 19-b4 filings on May 23. JP Morgan believes the funds will launch before November.

The post Farallon Capital discloses $85 million in GBTC, Cetera discloses $22 million in GBTC appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

The post Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1 appeared first on Coinpedia Fintech News Story Highlights The price of Dogecoin today is Dogecoin price may reach a

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

The post Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2 appeared first on Coinpedia Fintech News Story Highlights The live price of the Cardano token is ADA coin price could

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

The post Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next appeared first on Coinpedia Fintech News Story Highlights Solana Price Today is Solana price could reach a

Crypto.com Expands UAE Footprint With License to Offer Derivatives

Cryptocom has received a limited license from Dubai’s Virtual Assets Regulatory Authority (VARA) to offer derivative products such as futures and perpetual swaps, marking a major step forward

Binance Coin Price Prediction 2025, 2026 – 2030: Will BNB Hit $1000?

The post Binance Coin Price Prediction 2025, 2026 – 2030: Will BNB Hit $1000 appeared first on Coinpedia Fintech News Story Highlights Binance Coin Price Today is The BNB price prediction

Vermont withdraws action against Coinbase, awaits SEC’s regulatory clarity

Vermont has officially withdrawn its legal action against Coinbase, which accused the crypto exchange of offering unregistered securities through its staking program In a court filing on March 13,