TechFlow news — Farallon Capital Management, Cetera Investment Advisers, and BigSur Wealth Management reported investing millions of dollars into spot Bitcoin ETFs during the first quarter.
On May 24, San Francisco-based hedge fund manager Farallon Capital disclosed an $85.2 million investment in Grayscale's GBTC. According to Fintel data, the firm is among the top 10 companies holding GBTC shares.
On the same day, May 24, independent wealth advisory Cetera Investment Advisers disclosed a $22.6 million investment in GBTC, placing it among the top 25 firms with GBTC exposure.
On May 22, BigSur Wealth Management disclosed a $3.3 million investment in BlackRock’s IBIT, making it one of the top 80 firms invested in IBIT.
None of these firms disclosed their holdings in other spot Bitcoin ETFs. However, Cetera Investment Advisers revealed that its position in the ProShares Bitcoin Strategy ETF (BITO) increased by 83% compared to the previous quarter.
