$BTC

🔍 Choreo’s $6.5M Bitcoin ETF Bet — Big Money Eyes BTC’s Next Move! 🚀💰

Wealth management giant Choreo LLC (managing $27B) just revealed a $6.5M plunge into spot Bitcoin ETFs! 📈

📊 Breakdown of Choreo’s BTC ETF Portfolio:

🏆 51,679 BlackRock IBIT shares – Worth $3M+

💹 22,976 Grayscale GBTC shares – $1.9M

⚡ 8,314 Grayscale BTC Mini Trust – ~$400K

🪙 13,607 Fidelity FBTC shares – $1.3M

💡 Market Context:

IBIT leads with $89.11B in total net assets.

Spot BTC ETFs pulled $17B inflows in April–July, but saw $321M outflows in August.

Total Spot BTC ETF net assets: $155B (~6.48% of BTC’s market cap).

🏦 Institutions are piling in:

Harvard’s endowment → $117M IBIT position.

Norway’s sovereign wealth fund → BTC exposure up 192% YoY (7,161 BTC).

⚡ Fastest adoption in history: IBIT hit $70B AUM in <1 year!

📌 Trump Media is also jumping deeper into crypto ETFs after the 2024 win, filing for a third ETF tracking five major cryptocurrencies.

#BTCBreaksATH #ETF #Bitcoin #CryptoNews $BTC 🚀

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