Key Takeaways
- • Plante Moran Advisors grew its spot Bitcoin ETF holdings by 70% in the third quarter, bringing the position to $42 million, according to the firm's quarterly 13F filings.
- • The position is split across three spot Bitcoin ETFs: BlackRock's iShares Bitcoin Trust (IBIT), the Grayscale Bitcoin Trust (GBTC), and Fidelity's Wise Origin Bitcoin Fund (FBTC).
- • Plante Moran's Bitcoin exposure remains a small slice of its book, which manages approximately $2.2 billion in total assets; the firm holds no other digital assets.
- • Creative Planning reported a 43% increase in its Bitcoin ETF exposure over the same quarter, and Galaxy Research identified wealth managers and advisors as key drivers of institutional net buying.
- • Some hedge funds trimmed their Bitcoin ETF positions during the period, contrasting with the registered investment advisor trend.
Summary
Plante Moran Advisors, the wealth management arm within Plante Moran Financial Advisors, LLC, increased its spot Bitcoin ETF holdings by 70% in the third quarter to $42 million, according to its quarterly 13F filings with the SEC. The position is spread across BlackRock's iShares Bitcoin Trust (IBIT), the Grayscale Bitcoin Trust (GBTC), and Fidelity's Wise Origin Bitcoin Fund (FBTC). The filings showed no other digital assets, altcoin funds, or direct crypto holdings.
The position remains modest relative to the firm's overall portfolio, which manages approximately $2.2 billion in total assets. Most of the book remains in conventional equity and bond ETFs, according to the article.
Plante Moran is not an isolated case. Creative Planning, another wealth manager, reported a 43% increase in its Bitcoin ETF exposure over the same quarter. Galaxy Research identified wealth managers and advisors as key drivers of institutional net buying of Bitcoin ETFs in the period, with registered investment advisors broadly shifting toward net buying based on recent 13F filings. By contrast, certain hedge funds trimmed their Bitcoin ETF positions.
The trend reflects the role spot Bitcoin ETFs, which first launched in the US in early 2024, have played in advisor adoption. The publication notes that the ETF structure fits existing portfolio software, compliance review processes, and client statements, avoiding the need for private keys or crypto exchange accounts.
The position remains modest relative to the firm's overall portfolio, which manages approximately $2.2 billion in total assets. Most of the book remains in conventional equity and bond ETFs, according to the article.
Plante Moran is not an isolated case. Creative Planning, another wealth manager, reported a 43% increase in its Bitcoin ETF exposure over the same quarter. Galaxy Research identified wealth managers and advisors as key drivers of institutional net buying of Bitcoin ETFs in the period, with registered investment advisors broadly shifting toward net buying based on recent 13F filings. By contrast, certain hedge funds trimmed their Bitcoin ETF positions.
The trend reflects the role spot Bitcoin ETFs, which first launched in the US in early 2024, have played in advisor adoption. The publication notes that the ETF structure fits existing portfolio software, compliance review processes, and client statements, avoiding the need for private keys or crypto exchange accounts.
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