Pension Consultant Is Buying US Spot Bitcoin ETF: 13F SEC Fillings
Leading pension consultant Global Retirement Partners (GRP) is buying US spot Bitcoin ETFs, according to a new 13F filing with the SEC. Bitcoin investors have been eagerly awaiting these SEC filings to gauge the level of institutional interest in the Bitcoin ETF launching in the first quarter of 2024.
Just in: 🇺🇸 Retirement consultancy GRP says it now has exposure to 7. #Bitcoin ETFs reported in 13F
The pension is in operation 🚀 pic.twitter.com/3F9A2VTiID
— Bitcoin Magazine (@BitcoinMagazine) April 25, 2024
Large U.S. institutional investors with more than $100 million in assets under management (AUM) are required to disclose their holdings quarterly, according to a 13F SEC filing.
Global Retirement Partners (GRP), a retirement consulting firm with more than $140 billion in assets under advisement, reported holding shares in seven Bitcoin ETFs and one Bitcoin mining ETF. Julian Driver from X. This shows a positive change in attitude towards Bitcoin among traditional major consultants.
Filings from early Q1 2024 show that a variety of investors, including asset funds, family offices, and banks, have already allocated part of their portfolios to various Bitcoin ETFs. Notable examples include Park Avenue Securities LLC ($9.9 billion AUM), Inscription Capital LLC ($1.3 billion AUM), Wedmonth Private Capital ($1 billion AUM), and American Nation Banks ($637 million AUM).
ETFs provide regulated and guaranteed exposure to BTC without the complexities of managing it. For pension and retirement accounts, it’s much simpler than purchasing actual Bitcoin.
The SEC has approved several spot Bitcoin ETFs in early 2024 from issuers such as BlackRock, Fidelity, and ProShares. These products garnered tremendous initial interest, and now, billions of dollars later, the inflows have remained steady.
With trusted consultants like GRP coming on board, spot Bitcoin ETFs appear to be becoming more and more common among U.S. institutional investors. If this annuity adoption trend continues, billions more dollars could flow into the Bitcoin market through these SEC-registered vehicles in the coming quarters.
