Grayscale, Fidelity, and ARK Invest Keep Adding Bitcoin to Their Holdings
Despite recent market fluctuations, major financial players like Grayscale, Fidelity, and ARK Invest continue to increase their Bitcoin holdings, signaling strong confidence in the long-term potential of BTC. Recently, they collectively added over $220 million worth of Bitcoin to their portfolios.
What’s more interesting is that these firms are not just holding; they’re also pushing forward with spot Bitcoin ETFs. Grayscale, ARK Invest, and Fidelity have all filed Form 8-A with the SEC, marking significant progress in their attempts to convert their Bitcoin products into spot Bitcoin ETFs. This move would allow retail and institutional investors easier access to Bitcoin exposure through traditional financial channels.
With Bitcoin ETFs still in the works, these moves by such trusted firms demonstrate a growing institutional embrace of Bitcoin, further legitimizing it in the eyes of investors.
The filings are accessible on the SEC’s EDGAR database for anyone looking for more detailed info.