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Recent filings with the <a href="https://optimisus.com/news/crypto-news/the-us-sec-opens-comment-period-on-ethereum-etfs-by-grayscale-fidelity-and-bitwise/" rel="noopener noreferrer nofollow">US Securities and Exchange Commission (SEC)</a> show a notable surge in Bitcoin exchange-traded fund (ETF) acquisitions by American banks and financial institutions on Wall Street.  
This suggests a movement towards embracing crypto within the traditional financial industry. The Form 13F filings reveal a more significant institutional involvement in Bitcoin, potentially impacting its broader adoption and market valuation.  
American banks and financial institutions on Wall Street have made investments in Bitcoin exchange-traded funds (ETFs), demonstrating their confidence in the cryptocurrency.  
American National Bank has made a financial investment in Ark's ETF, while Park Avenue Securities has acquired 7,328 shares of Grayscale's GBTC.  
During the first quarter, Wall Street allocated approximately $4 million towards investments in Bitcoin exchange-traded funds (ETFs).  
Specific investment details consist of LexAurum Advisors, LLC purchasing 11,973 shares of the BlackRock IBIT ETF for a total of $484,547.  
Founders Capital Management acquired 261 IBIT shares for $10,563. Signal Advisors Wealth obtained 20,571 IBIT shares. Johnson &amp; White Wealth Management procured 9,810 GBTC shares for $613,125.  
Lastly, BCS Wealth Management possesses 9,196 GBTC shares valued at $574,750. The increasing prevalence of significant institutional investments in Bitcoin ETFs demonstrates a rising trust in Bitcoin's enduring worth as an investment vehicle. 
The post <a href="https://optimisus.com/market/market-news/the-us-sec-filings-reveal-top-us-banks-and-wall-street-giants-are-now-investing-in-bitcoin-etfs/" rel="noopener noreferrer nofollow">The US SEC filings reveal top US banks and Wall Street giants are now investing in Bitcoin ETFs</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

The US SEC filings reveal top US banks and Wall Street giants are now investing in Bitcoin ETFs

Optimisus

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