EverSource Wealth Advisors Reveals Sizeable Crypto Holdings

EverSource Wealth Advisors, a US-based wealth management firm, has disclosed its exposure to various cryptocurrencies and crypto companies in a recent 13F filing with the SEC. The company holds significant stakes in Bitcoin ETFs, including the 2X Bitcoin ETF and BlackRock's iShares Bitcoin Trust ETF.

The majority of EverSource's Bitcoin holdings are comprised of these exchange-traded funds (ETFs), but it also has a stake in American Bitcoin, a Trump family-owned Bitcoin mining and treasury company listed on the Nasdaq under the ticker ABTC. Other notable Bitcoin holdings include the Bitwise Bitcoin ETF Trust and the VanEck Bitcoin ETF.

EverSource's XRP holdings are more diversified, with stakes in exchange-traded funds (ETFs) such as the Franklin XRP ETF and ProShares Ultra XRP ETF. The company also holds a significant amount of stock in Armada Acquisition Corp II, a Ripple-backed special purpose acquisition company (SPAC).

It's worth noting that EverSource is not alone in its exposure to crypto companies, with many other firms holding stakes in Coinbase Global and Bitcoin miners such as MSTR.