US asset management firm Choreo, overseeing $27 billion in assets, has disclosed holding $6.5 million worth of Bitcoin spot ETFs. According to a CryptoBriefing report, the firm's largest holding is BlackRock's IBIT, valued at approximately $3 million. This reflects IBIT's dominance in attracting capital among the newly launched Bitcoin ETFs. Choreo also holds a significant position in Grayscale's GBTC, with a valuation of around $1.9 million. Despite facing outflows since converting to an ETF, GBTC remains a prominent player in the market. The firm's third largest holding is Fidelity's FBTC, amounting to roughly $1.3 million. This investment by Choreo signals increasing institutional adoption of Bitcoin ETFs, paving the way for broader acceptance of cryptocurrency investments within traditional financial portfolios. As more asset managers allocate capital to these ETFs, the liquidity and stability of the Bitcoin market are expected to improve. ```