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MacroScope: Expect more wealth managers to hold bitcoin ETFs by mid-May

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2024-04-26 10:15:41
MacroScope posted on social media that in response to the update of the Bitcoin ETF 13F file, MacroScope summarized the following points:
As we approach the mid-May deadline, we will see a larger position size.
2. So far, the documents show that wealth managers prefer these ETFs.
3. Many wealth managers who report holding bitcoin ETFs are located in the Midwest/Central region of the United States, which is generally more conservative-minded. Their holding of bitcoin ETFs may indicate long-term concerns about inflation and the state of U.S. debt.
Yesterday's report from Fielder Capital, a financial advisory firm in Tennessee, confirmed these views, with Fielder Capital reporting a holding of 377,524 shares of Bitwise BitcoinETF worth $14.60 million, the third largest position in the entire portfolio, and Fielder reporting a holding of 130,756 shares of GrayscaleBTC worth $8.20 million, with a total value of $223.70 million for all of its reported portfolio holdings.
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1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
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