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.

ChainCatcher news, according to Blockworks, wealth management firm Cetera Financial Group has approved four Bitcoin ETFs for advisors to consider incorporating these funds into client portfolios.The San Diego-based company stated that it will launch educational training on Thursday to provide its financial professionals with education on considering the inclusion of Bitcoin ETFs in portfolios. This marks the latest initiative taken by an asset management company in this direction.As of December 2023, Cetera's assets under management reached $190 billion. Cetera has currently approved advisors to incorporate four of the ten U.S. spot Bitcoin ETFs into their portfolios: BlackRock's IBIT, Fidelity's FBTC, Franklin Templeton's EZBC, and the BTCO launched jointly by Invesco and Galaxy.

ChainCatcher news, wealth management company Cetera Financial Group (Cetera) announced that it has implemented a new policy regarding the use of Bitcoin spot ETFs in brokerage accounts.The policy includes education and resources aimed at helping affiliated financial professionals guide their clients in incorporating Bitcoin ETFs into their portfolios. Cetera is one of the first wealth management companies to launch an official policy on Bitcoin ETFs.