Jaffe Tilchin and 4 other firms disclose spot Bitcoin ETF investments during Q1

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.

Nearly 1,000 firms invested

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.

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