Large Wall Street institutions, including Wells Fargo, Cantor Fitzgerald and Jane Street, have greatly increased their Bitcoin-related companies in recent months.
The portfolio updates of these companies about the Stares Analysis Platform Quantitatively reveal that they invest billions in the best crypto through listed funds and crypto-oriented shares such as strategy (formerly MicroStrategy).
Bitcoin ETFs enable institutional investors to follow the price of BTC without the complexity of keeping the digital assets directly.
Well Fargo increases Bitcoin -exposure
In the second quarter, Wells Fargo extensively The importance in BlackRock’s Ishares Bitcoin Trust (IBIT), the largest Bitcoin-oriented fund.
From June 30, the bank held more than $ 160 million in IBIT shares, strong in an increase of around $ 26 million at the end of the first quarter.
In the meantime, the financial institution also maintained a modest exposure of $ 200,000 to GBTC from Grayscale.
In addition to these ETFs, the bank increased the participations of its strategy by around $ 143 million, which brought its total exposure to the Bitcoin-oriented software company to $ 291 million.
These movements emphasize the double ETF-based and share-controlled crypto investment strategy of the bank.
Cantor Fitzgerald continues Crypto -Pivot
Cantor Fitzgerald, led by the children of trade secretary Howard Lutnick, also raised his bitcoin ETF positions to more than $ 250 million.
According to the quantitative portfolio of Quiver, the company bought about $ 150 million from Bitcoin exposure via FBTC ETF from Fidelity, while the IBIT Holdings was reduced by $ 16 million by $ 16 million during the second quarter.
In addition to the Bitcoin-related ETFs, the crypto-related stock of share in Strategy’s MSTR, Coinbase, Robinhood, Bitcoin Miners Riot platforms and Terawulf are worth around $ 2 billion.
These movements correspond to the historical pro-Crypto companies of Cantor Fitzgerald in Bitcoin investment vehicles, including twenty-one capital.
In particular, the bank also has an important working relationship with Tether, the world’s largest stablecoin emittent.
Ibit dominates Jane Street Portfolio
According to the portfolio updateJane Street Group, a worldwide own trade agency, now has $ 1.46 billion in IBIT shares, which marks the largest single portfolio position, which exceeds his investment of $ 1.41 billion in Tesla.
The company also increased its strategy shares to $ 64 million, while exposure to FBTC from Fidelity reduces $ 231 million, leaving a remaining position of $ 404 million.
Other crypto-related companies of the financial institution are Coinbase and Iren, who reflect the diversified approach to Jane Street of exposure to digital assets.
