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International Business Times
International Business Times
Business
Marvie Basilan

Multi-Billion Asset Manager Hightower Advisors Discloses BTC ETFs Stash, Majority From Grayscale

Hightower Hightower Advisors Bitcoin Grayscale ETF BlackRock Goldman Sachs Bernstein Bitwise Fidelity
A key player in the asset management industry has just disclosed it now has spot Bitcoin ETFs from six separate issuers. (Credit: Marco Verch/flickr)

KEY POINTS

  • Hightower Advisors purchased millions in BlackRock, ARK, and Fidelity Bitcoin ETFs
  • The asset manager invested the most into Grayscale's GBTC, which until recently was unpopular
  • Bitwise's CEO projected that more wealth management firms will own BTC ETFs at the end of 2024

Asset management firm Hightower Advisors, which has over $100 billion in assets under management, Monday disclosed to the U.S. Securities and Exchange Commission (SEC) that it purchased around $68 million worth of spot Bitcoin exchange-traded funds (ETFs) across various issuers.

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