Recent SEC filings under the Form 13F have disclosed that several major Wall Street firms and US banks have started purchasing Bitcoin ETFs. These revelations underscore a growing institutional interest in Bitcoin, which could have considerable implications for the cryptocurrency’s acceptance and valuation.
Julian Fahrer, the CEO of the Bitcoin-centric app Apollo Sats, highlighted the importance of these disclosures, stating on social media platform X, “BREAKING: 13F SEC Filings show US Banks are buying Bitcoin.”
US Banks And Wall Street Buy Bitcoin ETFs
Fahrer noted that these filings include purchases from a range of investment managers and family offices with assets under management from $200 million to $10 billion, signaling a broadening base of institutional acceptance. Particularly, he pointed out American National Bank’s investment in Ark’s ETF, describing it as “significant for breaking the seal on banks buying ETFs.”
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