Institutional Investors Boost Spot Bitcoin ETF Holdings
Edelman Financial Engines, a major U.S. investment advisory firm, holds approximately $34 million worth of spot Bitcoin exchange-traded funds (ETFs), according to recent regulatory filings.
The firm's positions include shares of BlackRock's iShares Bitcoin Trust (IBIT) and products offered by Grayscale, reflecting continued institutional adoption of digital asset vehicles.
This marks a cautious but tangible shift toward digital assets within mainstream advisory practices, with $34 million representing a modest fraction of Edelman's total assets under management, which exceed $260 billion.
Tudor Investment Corporation, the hedge fund founded by macro investor Paul Tudor Jones, also increased its stake in BlackRock's IBIT. As of the end of June, Tudor held 688,529 shares, valued at approximately $22.9 million, up about 19% from 579,083 shares in the prior quarter.
Jones has previously described Bitcoin as a hedge against inflation.