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Over 700 professional investment firms own a total of over $5b worth of bitcoin ETFs, which marks an unprecedented scale of institutional ownership base for a new ETF launch. Among the inonic asset managers holding one of the Bitcoin ETFs include Hightower Advisors, Cambridge Investment Research, Brown Advisory, and the State of Wisconsin Investment Board.
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While terming this a “huge success,” Hougan said, “This is absolutely massive. For any financial advisor, family office, or institution wondering if they were the only one considering Bitcoin exposure, the answer is clear: You are not alone.”
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