May 17 Crypto News – Spot Bitcoin ETF Investments Revealed by Jaffe Tilchin, Joined by 4 Firms in Q1 Disclosures

Spot Bitcoin ETF Investments Exposed: Jaffe Tilchin and 4 Other Firms Disclose Q1 Investments

Crypto News- In the latest disclosure wave, Jaffe Tilchin Investment Partners, a Florida-based firm, shared its strategic move into spot Bitcoin ETFs. With a bold investment of $11.3 million during Q1, they diversified their portfolio, allocating $9.8 million into BlackRock’s IBIT and $1.6 million into Grayscale’s GBTC.

Joining the ranks, WealthPlan, hailing from Nebraska, disclosed a solid $2.2 million stake in GBTC, while Skyview, headquartered in New Jersey, showed confidence with a $1.3 million investment in the same.

Not to be outdone, Texas-based Comerica Bank spread their bets across various funds, with $647,000 across four key players: GBTC, IBIT, ARKB, and FBTC.

Spot Bitcoin ETF Surge: Over 1,000 Firms Dive In, Investment Exceeds $11 Billion

The momentum is palpable. Over 1,000 firms, including major players like Millenium Management and Schonfield Strategic Advisors, and banking giants Morgan Stanley and JP Morgan Chase, have embraced spot Bitcoin ETFs since January’s SEC approval. This surge represents a monumental shift, with K33 Research’s Vetle Lunde reporting investments exceeding $11 billion from 937 professional firms in Q1 alone.

Bloomberg’s ETF analyst Eric Balchunas echoed similar sentiments, noting that 929 institutions are now part of the game, with BlackRock’s IBIT being a favorite among 414 investors.

GBTC: Pioneering the Path Before Spot Bitcoin ETFs

The SEC’s green light in January marked a pivotal moment, opening floodgates for spot Bitcoin ETFs. Yet, let’s not forget GBTC, the trailblazer pre-ETF conversion. Its enduring legacy continues to shape the landscape.

FAQ: Spot Bitcoin ETF Investments

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