Plante Moran Advisors increased its spot Bitcoin ETF exposure to $42 million in the third quarter, a 70% rise. The firm, which manages approximately $2.2 billion in assets, split its holdings across BlackRock’s IBIT, Grayscale’s GBTC and Fidelity’s FBTC funds. The position remains modest relative to its broader portfolio, which is dominated by traditional equity and bond ETFs. Other wealth managers also increased their exposure, while some hedge funds reduced their holdings, underscoring the growing interest of financial advisers in Bitcoin ETFs.
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