SECapproved in January spot Bitcoin ETFWhile ‘s attract many new institutional investors to the market, new ETF purchase news comes every day.
at this point Bloomberg ETF analyst Eric Balchunas said: He said that many investment advisors, banks and other institutional investors have invested in BTC ETFs, but they have not yet reported and disclosed these investments.
In line with this determination of Balchunas, many corporate companies have recently reported their ETF exposure, while the latest statement insurance giant MassMutualIt came from.
Accordingly, leading insurance company MassMutual reported exposure to the Bitcoin ETF in its 13F filings.
The investment amount of MassMutual, which bought it from the Grayscale ETF, was not disclosed.
JUST IN: 🇺🇸 $570B insurance giant MassMutual reported owning #Bitcoin through the Grayscale ETF.
👉MassMutual bought $100m Bitcoin for its balance sheet in 2021 and was founded in 1851.
— Bitcoin Archive (@BTC_Archive) May 9, 2024
This is the first of the famous insurance company MassMutual Bitcoin not investment. Because the company purchased a large amount of Bitcoin through New York-based Digital Investments Group (NYDIG) in 2020. MassMutual, which was founded in 1851 and has approximately 5 million customers, is valued at $100 million. BTC had made the investment.
*This is not investment advice.
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