US Bancorp disclosed spot Bitcoin ETF investments price over $15 million on Could 8.
The corporate revealed it bought roughly 87,744 shares of Constancy’s FBTC price $5.4 million, 46,011 shares of Grayscale’s GBTC price $2.9 million, and 178,567 shares of BlackRock’s IBIT price $7.2 million.
The corporate’s whole investments stood at $71.8 billion, primarily based on its newest 13F submitting.
US Bancorp is among the many largest financial institution holding firms within the US, with over $663 billion in AUM on the finish of 2023.
Rothschild agency funding
Edmond De Rothschild Holding SA individually disclosed spot Bitcoin ETF investments price greater than $4.2 million on Could 9.
The corporate reported 103,600 shares of BlackRock’s IBIT, valued at barely lower than $4.2 million. It additionally reported 1,300 shares of GBTC, valued at $82,121.
The agency’s whole investments stood at $6 billion, primarily based on its newest 13F submitting.
Continued institutional funding
A number of different firms have disclosed investments in spot Bitcoin ETFs in latest weeks and months. Hightower Advisors and SouthState Financial institution, Susquehanna Worldwide Group, BNP Paribas, Burkett Monetary Companies, and Legacy Wealth Asset Administration have bought ETFs.
In the meantime, MassMutual reported continued funding in Grayscale’s Bitcoin Belief (GBTC), amounting to 227 shares valued at $14,340 on Could 9.
The newest disclosures cowl the primary quarter of 2024. The deadline for quarterly 13F filings is Could 15, and different corporations might disclose investments within the coming days. BlackRock and Bitwise executives imagine institutional buyers will proceed buying spot Bitcoin ETFs.
Spot Bitcoin ETFs had a mixed AUM of $52.7 billion on Could 9, with practically $11.8 billion in cumulative inflows as of Could 8.
