Major $75M Investment in Bitcoin ETFs by Firm in BlackRock, Fidelity, Bitwise, GBTC: SEC Filing Reveals
- Hong Kong-based Ovata Capital Management has invested $75 million in four US-based Bitcoin ETFs.
- The investment firm is now the top holder in Fidelity Wise Origin Bitcoin ETF (FBTC).
- The Bitcoin price is on a recovery path as Bitcoin ETF inflow rose massively.
Hong Kong-based Ovata Capital Management has made a significant investment in four US-based Bitcoin ETFs, indicating a strong institutional interest in the cryptocurrency.
Ovata Capital Management’s Massive Investment
Ovata Capital Management, a Hong Kong-based investment firm, has invested a whopping $75.53 million in four US-based spot Bitcoin ETFs. This information comes from the latest 13F filings with the U.S. Securities and Exchange Commission, indicating that institutional investors are still riding the wave of Bitcoin ETFs.
Top Holder in Fidelity Wise Origin Bitcoin ETF
According to an SEC filing, Ovata Capital Management is now the largest holder in the Fidelity Wise Origin Bitcoin ETF (FBTC). The investment firm has invested $25.93 million in this particular ETF. In addition, Ovata has also purchased units in Grayscale Bitcoin Trust (GBTC) and Bitwise Bitcoin ETF (BITB) worth $21 million and $16 million, respectively. The firm also invested $10.88 million in BlackRock iShares Bitcoin ETF (IBIT).
