The New 13F filings The SEC revealed that Global Retirement Partners, a pension consulting firm with a large client base in the US, is investing into US spots. Bitcoin ETFs. Bitcoin investors eagerly await these SEC filings in order to assess the institutional interest level in Bitcoin ETFs that will be launched during the first quarter 2024.
JUST IN: 🇺🇸 Retirement consulting firm GRP reveals they now hold exposure to 7 #Bitcoin File 13F with ETFs
Pensions come into play🚀 pic.twitter.com/3F9A2VTiID
— Bitcoin Magazine (@BitcoinMagazine) April 25, 2024
The 13F SEC filings requires large US institutions investors with assets under management of $100 million or greater to disclose quarterly their holdings.
Global Retirement Partners, a retirement consultancy firm that advises on over 140 billion dollars in assets, owns shares of 7 Bitcoin ETFs, and one Bitcoin mining ETF. This was reported by the reported Julian Fahrer on X. This is a sign of a change in attitudes from the traditional consulting firms towards Bitcoin.
Investors, such as wealth funds, banks and family offices have all allocated some of their respective portfolios into Bitcoin ETFs. Park Avenue Securities LLC (9.9 billion AUM), Inscription Capital LLC (1.35 billion AUM), Wedmonth Privat Capital (1 billion AUM), American Nation Banks (637 million) are all notable examples.
ETFs allow for a controlled, insured exposure to Bitcoin without having the hassle of managing the BTC. This is a much easier way to buy Bitcoin for pensions or retirement accounts than purchasing actual Bitcoin.
SEC has approved several Bitcoin spot ETFs from BlackRock, Fidelity and ProShares. After a massive initial interest, inflows have now stabilized after the billions of dollars flowed into these products.
Spot Bitcoin ETFs are becoming more common for US institutional investors, with trusted advisors like GRP purchasing them. This trend of pensions adopting Bitcoin ETFs will continue if it continues. next These SEC registered vehicles could see billions of dollars more flowing into the Bitcoin market.
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Source: bitcoinmagazine.com