$130B Asset Manager Hightower Makes Splash With $68M Spot Bitcoin ETF Purchase

Benzinga05-07

Loading...Loading...Hightower Advisors, a leading $130 billion asset management firm, has purchased $68 million worth of spot Bitcoin ETFs, according to a recent 13F SEC filing.What Happened: This ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2433204867?lang=en_US&edition=fundamental","thumbnail":"https://www.benzinga.com/files/images/story/2024/05/07/Bitcoin-WULF-MARA-MSTR-COIN-HUT_0.jpeg","is_english":true,"pubTime":"2024-05-07 20:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2433204867","market":"us","top_or_hot":-1,"title":"$130B Asset Manager Hightower Makes Splash With $68M Spot Bitcoin ETF Purchase","media":"Benzinga","content":"<div>\n<p>Loading...Loading...Hightower Advisors, a leading $130 billion asset management firm, has purchased $68 million worth of spot Bitcoin ETFs, according to a recent 13F SEC filing.What Happened: This ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/05/38668430/130b-asset-manager-hightower-makes-splash-with-68m-spot-bitcoin-etf-purchase\">Source Link</a>\n\n</div>\n","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>$130B Asset Manager Hightower Makes Splash With $68M Spot Bitcoin ETF Purchase</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n$130B Asset Manager Hightower Makes Splash With $68M Spot Bitcoin ETF Purchase\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-07 20:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/24/05/38668430/130b-asset-manager-hightower-makes-splash-with-68m-spot-bitcoin-etf-purchase><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Loading...Loading...Hightower Advisors, a leading $130 billion asset management firm, has purchased $68 million worth of spot Bitcoin ETFs, according to a recent 13F SEC filing.What Happened: This ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/05/38668430/130b-asset-manager-hightower-makes-splash-with-68m-spot-bitcoin-etf-purchase\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HODL","symbol_name":"VanEck Bitcoin Trust ETF","start_time":0,"source_url":"https://www.benzinga.com/markets/cryptocurrency/24/05/38668430/130b-asset-manager-hightower-makes-splash-with-68m-spot-bitcoin-etf-purchase","article_id":"2433204867","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2024/05/07/Bitcoin-WULF-MARA-MSTR-COIN-HUT_0.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433204867","pubTimestamp":1715086313,"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Hightower Advisors, a leading $130 billion asset management firm, has purchased $68 million worth of spot Bitcoin ETFs, according to a recent 13F SEC filing.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HODL":"VanEck Bitcoin Trust ETF","BK4585":"ETF&股票定投概念","FBTC":"Fidelity Wise Origin Bitcoin Fund","BK4594":"比特币ETF概念","BK4588":"碎股","GBTC":"Grayscale Bitcoin Trust","BK4550":"红杉资本持仓","BITO":"ProShares Bitcoin Strategy ETF","BRRR":"Valkyrie Bitcoin Fund","BTCO":"Invesco Galaxy Bitcoin ETF","EZBC":"Franklin Bitcoin ETF","BITB":"Bitwise Bitcoin ETF","IBIT":"iShares Bitcoin Trust","BTCW":"WisdomTree Bitcoin Fund","DEFI":"Hashdex Bitcoin ETF","FDN":"First Trust Dow Jones Internet I"},"translate_title":"1300亿美元资产管理公司Hightower以6800万美元现货购买比特币ETF引起轰动","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTCO":1,"IBIT":1,"HODL":1,"GBTC":1,"FDN":1,"FBTC":1,"EZBC":1,"DEFI":1,"BTCW":1,"BITB":1,"BRRR":1,"BITO":1},"content_text":"Loading...Loading...Hightower Advisors, a leading $130 billion asset management firm, has purchased $68 million worth of spot Bitcoin ETFs, according to a recent 13F SEC filing.What Happened: This substantial investment underscores the growing institutional interest in Bitcoin BTC/USD as the cryptocurrency continues to make significant strides in the mainstream financial markets.The breakdown of the investments is as follows:\nGrayscale BTC: $44,838,000 for 709,956 shares\nFidelity Bitcoin ETF: $12,410,000 for 200,084 shares\nBlackRock Bitcoin ETF: $7,621,000 for 188,397 shares\nARK Bitcoin ETF: $1,702,000 for 23,964 shares\nBitwise Bitcoin ETF: $988,000 for 25,449 shares\nFranklin Templeton Bitcoin ETF: $788,000 for 19,129 shares\nHightower’s diverse allocation in various Bitcoin ETFs reflects a strategic approach to cryptocurrency investment, enhancing optimism about the future of Bitcoin. Since the SEC's approval of Spot Bitcoin ETFs in January 2024, the market has witnessed a surge in investments, with Bitcoin reaching all-time highs.Also Read: Why Michael Saylor Sees Bitcoin As ‘Apex Property Of The Human Race’Why It Matters: The inclusion of products from major players like Grayscale GBTC, BlackRock‘s iShares Bitcoin Trust IBIT and Fidelity FBTC highlights Bitcoin's increasing acceptance among traditional investors.The reasons behind Hightower’s specific distribution of investments across different ETFs remain undisclosed, yet the move is significant enough to potentially influence other asset management firms considering similar investments in Bitcoin and other digital assets. The cryptocurrency market has seen trillions of dollars in inflows over recent months, indicating a strong and sustained interest that shows no signs of waning.Despite the substantial investment, Hightower Advisors has not yet made a public statement regarding their decision to invest in Bitcoin ETFs. This strategic move by one of the nation’s leading RIA firms may further catalyze the adoption and integration of cryptocurrencies within traditional investment portfolios.What’s Next: As the industry continues to evolve, discussions on such pivotal investments are expected to feature prominently at upcoming events like Benzinga’s Future of Digital Assets on Nov. 19.Read Next: Why Solana Has Been ‘An Almost Obvious Play,’ According To This Crypto VCImage: ShutterstockLoading...Loading...Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433204867"}