On May 8, US Bancorp revealed more than $15 million worth of spot Bitcoin ETF investments.
The company acquired approximately 87,744 shares of Fidelity's FBTC stock (valued at $5.4 million), 46,011 shares of Grayscale's GBTC stock (valued at $2.9 million), and 178,567 shares of BlackRock's IBIT stock (valued at $7.2 million). revealed that he had purchased.
Based on the latest 13F filings, the company's total investments stood at $71.8 billion.
US Bancorp is one of the largest bank holding companies in the United States. Total assets under management at the end of 2023 will be $663 billion.
Rothschild corporate investments
On May 9, Edmond de Rothschild Holding SA separately disclosed more than $4.2 million worth of spot Bitcoin ETF investments.
The firm reported 103,600 shares of BlackRock's IBIT stock, valued at just under $4.2 million. It also reported 1,300 shares of GBTC worth $82,121.
Based on the latest 13F filing, the company's total investment was $6 billion.
Continuation of institutional investors
Several other companies have revealed investments in Spot Bitcoin ETFs in recent weeks and months. Hightower Advisors, Southstate Bank, Susquehanna International Group, BNP Paribas, Burkett Financial Services and Legacy Wealth Asset Management are among the buyers of the ETF.
Meanwhile, MassMutual reported continued investment in Grayscale's Bitcoin Trust (GBTC), reaching 227 shares worth $14,340 as of May 9th.
The latest disclosures cover the first quarter of 2024. The deadline for his quarterly 13F filing is May 15, and other companies may disclose investments soon. BlackRock and Bitwise executives expect institutional investors to continue buying spot Bitcoin ETFs.
The Spot Bitcoin ETF had total assets under management of $52.7 billion as of May 9th, and cumulative inflows as of May 8th were nearly $11.8 billion.
