Jaffe Tilchin and 4 other firms disclose spot Bitcoin ETF investments during Q1

Jaffe Tilchin Investment Partners, along with four other firms, announced their investments in spot Bitcoin ETFs during the first quarter. Jaffe Tilchin invested $11.3 million, with $9.8 million allocated to BlackRock’s IBIT and $1.6 million to Grayscale’s GBTC. WealthPlan, a Nebraska-based investment advisor, disclosed a $2.2 million investment in GBTC, while New Jersey-based investment advisor Skyview invested $1.3 million in GBTC. Texas-based Comerica Bank reported a total investment of $647,000 across four funds, including GBTC, IBIT, ARK’s ARKB, and Fidelity’s FBTC. These investments add to the growing number of firms participating in spot Bitcoin ETFs, with nearly 1,000 firms investing since the launch in January. Notable investors include Millenium Management, Schonfield Strategic Advisors, and major global banks such as Morgan Stanley, JP Morgan Chase, Wells Fargo, BNP Paribas, and UBS. In total, professional firms invested over $11 billion in US spot Bitcoin ETFs during Q1, according to K33 Research senior analyst Vetle Lunde. Bloomberg ETF analyst Eric Balchunas estimated that 929 institutions owned at least one spot Bitcoin ETF, with 414 investors holding BlackRock’s IBIT. The SEC’s approval of spot Bitcoin ETFs in January opened the doors for investors, though GBTC had been available before its conversion to an ETF.