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Choreo, a leading independent wealth management firm overseeing more than $27 billion in assets, has stepped into the growing Bitcoin ETF market. A new SEC filing reveals the firm invested about $6.5 million across multiple Bitcoin-focused funds during the second quarter of 2024.
Its largest position was in BlackRock’s iShares Bitcoin Trust ETF (IBIT), holding 51,679 shares valued at over $3 million as of June 30. Choreo also owned 22,976 shares of the Grayscale Bitcoin Trust ETF (GBTC), worth roughly $1.9 million, and 8,314 shares of the Grayscale Bitcoin Mini Trust ETF (BTC), valued near $397,000. In addition, the firm held 13,607 shares of Fidelity’s Wise Origin Bitcoin ETF (FBTC), worth about $1.3 million.
The disclosure puts Choreo among a growing number of wealth managers, institutional investors, and even university endowments embracing Bitcoin ETFs as part of their portfolios — signaling that crypto investment is continuing to gain mainstream traction.
