Hedge fund Farallon Capital and independent wealth center Cetera jointly hold $107.8 million in GBTC

2024-05-25 09:52:30

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ChainCatcher news, Farallon Capital Management, Cetera Investment Advisers, and BigSur Wealth Management reported investing millions of dollars in spot Bitcoin ETFs in the first quarter.

On May 24, San Francisco hedge fund management company Farallon Capital disclosed an investment of $85.2 million in Grayscale's GBTC. According to Fintel data, the company is one of the top 10 holders of GBTC.

Independent wealth center Cetera Investment Advisers disclosed an investment of $22.6 million in GBTC on May 24, making it one of the top 25 companies holding GBTC positions.

On May 22, BigSur Wealth Management disclosed an investment of $3.3 million in BlackRock's IBIT, becoming one of the top 80 companies investing in IBIT.

These companies did not disclose their holdings in other spot Bitcoin ETFs. However, Cetera Investment Advisers reported an 83% increase in its position in the ProShares Bitcoin Strategy ETF (BITO) compared to the previous quarter.

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