Crypto
Institutional Adoption Ramps Up as Edelman and Tudor Invest Heavily in Spot Bitcoin ETFs
Edelman Financial Engines, a major U.S. investment advisory firm, has disclosed that it holds approximately $34 million worth of spot Bitcoin exchange-traded funds (ETFs).
The firm's positions include shares of BlackRock's iShares Bitcoin Trust (IBIT) and products offered by Grayscale.
This reflects continued institutional adoption of digital asset vehicles, as Edelman is among a growing list of traditional financial firms that have embraced spot Bitcoin ETFs since their U.S. debut in January 2024.