Plante Moran Advisors boosts Bitcoin ETF holdings by 70% to $42M

The wealth manager spread its spot Bitcoin ETF exposure across IBIT, GBTC, and FBTC in the third quarter, joining a broader advisor buying trend Plante Moran Advisors grew its spot Bitcoin ETF holdings by 70% in the third quarter, bringing the position to $42 million. That is not the kind of number that moves Bitcoin’s price on its own. It does reveal who has been buying these funds lately, and the answer increasingly looks like your financial advisor. What Plante Moran actually bought The firm’s quarterly 13F filings show the Bitcoin exposure split across three funds. Those are BlackRock’s iShares Bitcoin Trust (IBIT), the Grayscale Bitcoin Trust (GBTC), and Fidelity’s Wise Origin Bitcoin Fund (FBTC). For the uninitiated, a 13F is a quarterly disclosure that large investment managers file with the SEC. Think of it as a periodic snapshot of what a firm holds in its portfolio. Plante Moran’s snapshot showed no other digital assets or tokens. No altcoin funds, no direct crypto, no experimental side bets. Plante Moran Advisors sits within the larger Plante Moran Financial Advisors, LLC. The firm manages approximately $2.2 billion in total assets under management. Do the rough math and...