Switch to seedless. Get 30% off with SWITCH30 till Oct 19Institutional investors shift Bitcoin ETF holdings in Q3
4.7 Investments Institutional investors made major changes to Grayscale and iShares Bitcoin Trust ETF holdings in Q3, with both large purchases and reductions.
B. Riley Wealth Advisors Inc. significantly increased its holdings in the Grayscale Bitcoin Trust ETF by 213.7% in Q3, acquiring 13,176 additional shares for a total of 19,341 shares valued at $1,249,000. Other institutional investors, including Level Financial Advisors, Avior Wealth Management LLC, Fell Capital Management ADV, Horrell Capital Management Inc., and Farther Finance Advisors LLC, also made notable adjustments to their positions. Franchise GP Ltd reduced its stake in the iShares Bitcoin Trust ETF by 7.4%, now holding 231,433 shares worth $10,956,000. Meanwhile, firms such as 59 North Capital Management LP, NEOS Investment Management LLC, and Walleye Capital LLC increased their IBIT holdings in various quarters. Milestone Asset Management LLC lowered its IBIT position by 48.0% in Q3, while NFSG Corp, Detalus Advisors LLC, AdvisorNet Financial Inc., and Blueline Advisors LLC increased their stakes. WealthPlan Investment Management LLC opened a new position in the Grayscale Bitcoin Mini Trust ETF, acquiring 27,224 shares valued at $1,006,000. Several other hedge funds also added or increased ETF holdings. C2P Capital Advisory Group LLC, operating as Prosperity Capital Advisors, reduced its IBIT stake by 28.3% in Q3, while other institutions made significant increases.
