US Bancorp has disclosed its investment in BTC ETFs worth over $15 million on May 8th. The company revealed that it purchased approximately 87,744 shares of Fidelity’s FBTC, valued at $5.4 million; 46,011 shares of Grayscale’s GBTC, valued at $2.9 million; and 178,567 shares of BlackRock’s IBIT, valued at $7.2 million. According to the latest 13F filing, US Bancorp’s total investment amounts to $71.8 billion.
US Bancorp is one of the largest bank holding companies in the United States, with assets under management exceeding $663 billion as of the end of 2023.
On May 9th, Edmond De Rothschild Holding SA separately disclosed its investment in BTC ETFs worth over $4.2 million. The company purchased 10,360 shares of BlackRock’s IBIT, valued at approximately $4.2 million, and 1,300 shares of GBTC, valued at $82,121. According to its latest 13F filing, the company’s total investment amounts to $6 billion.
In recent weeks, several other companies have disclosed their investments in BTC ETFs. Hightower Advisors, SouthState Bank, Susquehanna International Group, BNP Paribas, Burkett Financial Services, and Legacy Wealth Asset Management have all purchased ETFs.
Meanwhile, MassMutual reported that it will continue to invest in Grayscale’s BTC Trust Fund (GBTC) and invested in 227 shares worth $14,340 on May 9th.
The latest disclosed data covers the purchasing activity in the first quarter of 2024. The deadline for filing quarterly 13F reports is May 15th, and other companies may disclose their investments in the coming days.
Executives from BlackRock and Bitwise believe that institutional investors will continue to buy BTC ETFs.
As of May 9th, the total assets under management for BTC ETFs amounted to $52.7 billion, with nearly $11.8 billion inflows as of May 8th.
