Hightower, a $130 billion asset management company has announced that it bought $68 million of Bitcoin Spot ETFs. Hightower announced the following Bitcoin ETFs today in a Form 13F. SEC filing:
- Grayscale BTC: $44,838,000 (709,956 shares)
- Fidelity bitcoin ETF: 12 410,000 shares (200 084 shares).
- BlackRock Bitcoin Fund: $7,621,000 (188,397 shares).
- ARK Bitcoin ETF: $1,702,000 (23,964 Shares)
- Bitwise Bitcoin ETF: $988,000 (25,449 shares)
- Franklin Templeton Bitcoin Fund: $788,000 (198,129 shares).
Bitcoin ETFs are a diverse group of investment options, but they only serve to increase optimism about the leading crypto currency. Hightower Advisors, one of the top RIA firms across the nation. Hightower Advisors helps to grow financial Connecting clients to advisory firms financial advisors.
Hightower is the latest big-name Bitcoin ETF investor
Spot Bitcoins ETFs have been a huge success. Bitcoin has dominated the ETF industry since SEC approval was granted in January 2024. The asset has also skyrocketed this year to new highs. BTC is a popular option for those looking for a new investment. Spot Bitcoin ETFs, from Grayscale and BlackRock among others, have helped the asset become more popular across the United States.
Also Read: Hong Kong Bitcoin ETFs Predicted to Hit $1B AUM in 2024
Hightower’s decision to split its Spot Bitcoin ETF is not clear, but the huge spread remains a big news. Other asset managers are now interested in Bitcoin ETFs and ETFs. The fact that trillions have been invested in these assets during the past months is also encouraging.
Hightower still hasn’t publicly commented on its investment of $68M dollars in the Spot Bitcoin Exchange Traded Funds.
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Source: watcher.guru
