Wealth management firm Choreo today disclosed that it has invested approximately $6.5 million in various spot Bitcoin (BTC) exchange-traded funds (ETFs). Per official details, the firm manages over $27 billion in total assets.
Choreo Reveals Exposure To Bitcoin ETF
According to a new filing with the US Securities and Exchange Commission (SEC), Choreo LLC now holds stakes in multiple Bitcoin ETFs. Its largest position is in BlackRock’s iShares Bitcoin Trust ETF (IBIT), with 51,679 shares valued at more than $3 million as of June 30.
The firm also holds 22,976 shares of the Grayscale Bitcoin Trust ETF (GBTC), worth around $1.9 million at current market prices. Further, it also holds 8,314 shares of the Grayscale Bitcoin Mini Trust ETF (BTC), valued at nearly $400,000.
Additionally, Cho