The US SEC filings reveal top US banks and Wall Street giants are now investing in Bitcoin ETFs

Recent filings with the US Securities and Exchange Commission (SEC) show a notable surge in Bitcoin exchange-traded fund (ETF) acquisitions by American banks and financial institutions on Wall Street.

This suggests a movement towards embracing crypto within the traditional financial industry. The Form 13F filings reveal a more significant institutional involvement in Bitcoin, potentially impacting its broader adoption and market valuation.

American banks and financial institutions on Wall Street have made investments in Bitcoin exchange-traded funds (ETFs), demonstrating their confidence in the cryptocurrency.

American National Bank has made a financial investment in Ark’s ETF, while Park Avenue Securities has acquired 7,328 shares of Grayscale’s GBTC.

During the first quarter, Wall Street allocated approximately $4 million towards investments in Bitcoin exchange-traded funds (ETFs).

Specific investment details consist of LexAurum Advisors, LLC purchasing 11,973 shares of the BlackRock IBIT ETF for a total of $484,547.

Founders Capital Management acquired 261 IBIT shares for $10,563. Signal Advisors Wealth obtained 20,571 IBIT shares. Johnson & White Wealth Management procured 9,810 GBTC shares for $613,125.

Lastly, BCS Wealth Management possesses 9,196 GBTC shares valued at $574,750. The increasing prevalence of significant institutional investments in Bitcoin ETFs demonstrates a rising trust in Bitcoin’s enduring worth as an investment vehicle.