ChainCatcher news, according to CryptoSlate, financial technology investment firm Titan Global Capital Management disclosed in a filing submitted on May 13 that it holds 1.6 million shares of IBIT (BlackRock Bitcoin Spot ETF), valued at $65.5 million. This investment makes Titan Global the fourth largest holder of IBIT. The amount invested by Titan Global in IBIT is also greater than any other investment disclosed in its filing. The company's second largest investment is in Amazon (AMZN) stock, valued at $37.6 million.Additionally, Ohio's KeyBank National Association disclosed in a filing submitted on May 14 that it holds 3,723 shares of GBTC stock, valued at $235,182. In 2021, KeyBank was ranked among the top 25 banks in the United States.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) has charged Titan Global Management with violations related to cryptocurrency, stating that Titan used misleading hypothetical performance metrics in its advertisements, including claims that the Titan Crypto strategy had an "annualized" return of up to 2700%. Additionally, it failed to properly disclose how the company custodies cryptocurrency assets and did not "implement policies and procedures regarding employees' personal cryptocurrency trading."Titan has cooperated with the investigation, agreeing to the SEC's order that it violated the Investment Advisers Act, and issued a cease-and-desist order without admitting or denying the SEC's findings, while paying $192,454 in ill-gotten gains, pre-judgment interest, and a civil penalty of $850,000, which will be distributed to affected clients.