Jaffe Tilchin Investment Partners was one of several firms that disclosed investments in spot Bitcoin ETFs on May 16.The Florida-based investment manager and insurance services advisor revealed it invested $11.3 million in spot Bitcoin ETFs during the first quarter — comprising $9.8 million in BlackRock’s IBIT and $1.6 million in Grayscale’s GBTC.Separately, Nebraska-based investment advisor WealthPlan disclosed a $2.2 million investment in GBTC, while Skyview, a New Jersey-based investment advisor, disclosed a $1.3 million investment in GBTC.Texas-based Comerica Bank reported $647,000 invested across four funds, including $361,395 in GBTC, $225,013 in IBIT, $33,219 in Ark’s ARKB, and $28,051 in Fidelity’s FBTC.The disclosures follow investments from other notable firms, including large holders such as Millenium Management and Schonfield Strategic Advisors, as well as major global banks such as Morgan Stanley, JP Morgan Chase, Wells Fargo, BNP Paribas, and UBS.Overall, nearly 1000 firms have invested in spot Bitcoin ETFs since their launch in January.K33 Research senior analyst Vetle Lunde reported that 937 professional firms had invested more than $11 billion in US spot Bitcoin ETFs during the first quarter.Bloomberg ETF analyst Eric Balchunas posted a similar estimate, stating that 929 institutions owned at least one spot Bitcoin ETF — with 414 investors owning BlackRock’s IBIT.The SEC approved spot Bitcoin ETFs in January, making the first quarter the first time investors could purchase spot Bitcoin ETFs. The exception is GBTC, which was available before its conversion to an ETF.Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada’s West Coast.CryptoSlate is a comprehensive and contextualized source for crypto news, insights, and data. Focusing on Bitcoin, macro, DeFi and AI. Essential crypto updates and analyses. Straight to your inbox, every day.Courts dismissed the case without prejudice, leaving Musk an option to refile the case at a later date.The S-1 filing follows the SEC’s approval of NYSE Arca’s proposed rule change on behalf of ProShares.Rob Marrocco believes crypto ETFs beyond Bitcoin and Ethereum are unlikely without first establishing a futures market or changing regulation.Ripple said Standard Custody CEO Jack McDonald would help the firm achieve its USD-backed stablecoin plans.CryptoSlate’s latest market report dives deep into the effects corporate Bitcoin purchases have on the market.Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
