New 13F bitcoin-flows”>filings with the SEC reveal that a major pension consultant, Global Retirement Partners (GRP), is buying US spot bitcoin ETFs. bitcoin investors have been eagerly awaiting these SEC filings to gauge the level of institutional interest in bitcoin ETFs, which launched in the first quarter of 2024.
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ONLY IN: Retirement consultant GRP reveals it now has exposure to 7 twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETFs in 13F filings
Pensions are at stake pic.twitter.com/3F9A2VTiID
– bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1783472191620665708?ref_src=twsrc%5Etfw”>April 25, 2024
13F filings with the SEC require large US institutional investors with $100 million or more in assets under management (AUM) to disclose their holdings on a quarterly basis.
Global Retirement Partners (GRP), a retirement consulting firm with over $140 billion in assets under advisement, owns shares in 7 different bitcoin ETFs and 1 bitcoin mining ETF, it was reported twitter.com/Julian__Fahrer”>Julian Driver in x. This demonstrates a positive change in attitude from mainstream mainstream consultants towards bitcoin.
Previous filings from the first quarter of 2024 have shown that a wide range of investors, including endowments, family offices, and banks, have already allocated a portion 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 insured exposure without the complications of managing btc custody. For pension and retirement accounts, this is much simpler than buying actual bitcoin.
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The SEC approved several bitcoin spot ETFs in early 2024 from issuers such as BlackRock, Fidelity, and ProShares. These products generated huge initial interest, and inflows are now leveling off after billions in.
With the involvement of trusted consultants like GRP, bitcoin spot ETFs appear increasingly normalized for US institutional investors. If this pension adoption trend continues, billions more may flow into the bitcoin markets through these SEC-registered vehicles in the coming quarters.
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