Choreo Enters Bitcoin ETFs Market with $6.5M Investment
The post Choreo Enters Bitcoin ETFs Market with $6.5M Investment appeared on BitcoinEthereumNews.com.
Choreo invests $6.5M in Bitcoin ETFs, joining institutions like Harvard as crypto gains traction despite regulatory uncertainty and market volatility. Choreo, a wealth management firm managing over $27 billion in assets, has entered the Bitcoin exchange-traded fund (ETF) market. The firm invested $6.5 million across several Bitcoin-focused funds. The relocation was disclosed in a filing to the U.S. Securities and Exchange Commission (SEC) on Wednesday. As an example, the single largest holding of Choreo is in the iShares Bitcoin Trust ETF (IBIT) of BlackRock. They also have 51,679 shares worth more than 3 million dollars as of June 30. Choreo Invests in Grayscale, Fidelity Bitcoin ETFs Choreo made investments in other Bitcoin ETFs. The company possesses 22,976 shares of the Grayscale Bitcoin Trust ETF (GBTC) with an approximate value of 1.9 million dollars. They also hold 8,314 shares of Grayscale Bitcoin Mini Trust ETF (BTC), worth almost 397,000 dollars. In addition, Choreo has bought 13,607 Fidelity Wise Origin Bitcoin ETF (FBTC) shares at approximately 1.3 million dollars. These investments reflect how Choreo is diversifying its portfolio by investing in digital assets. In addition, Choreo is not the only one in this trend. A Bitcoin ETF is also being adopted by other institutional investors. As an example, recently, Harvard Management Company made a significant investment. Their investments in the BlackRock iShares Bitcoin ETF, which are worth more than $116 million as of June 30, are 1.9 million shares. This is an indication of the increased mainstream acceptance of cryptocurrencies. Consequently, more and more wealth managers and endowments are turning to ETFs. Moreover, Bitcoin ETFs are becoming popular since they provide a regulated means of crypto investing. In contrast to direct ownership, ETFs enable investors to get exposure without the management of digital wallets. This attracts them to conventional investors. As a…
Filed under: News - @ August 14, 2025 7:29 am