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Choreo, an independent wealth management firm with over $27 billion in assets under management, has officially entered the Bitcoin ETF rush, revealing around $6.5 million invested across multiple funds.

According to a Wednesday filing with the SEC, Choreo’s largest stake was in BlackRock’s iShares Bitcoin Trust ETF (IBIT), with 51,679 shares valued at over $3 million as of June 30.

The firm also held 22,976 shares of the Grayscale Bitcoin Trust ETF (GBTC), worth approximately $1.9 million, and 8,314 shares of the Grayscale Bitcoin Mini Trust ETF (BTC), valued at nearly $397,000.

Rounding out its Bitcoin exposure, Choreo owned 13,607 shares of the Fidelity Wise Origin Bitcoin ETF (FBTC), worth around $1.3 million, during the second quarter of this year.

The new disclosure places Choreo among a growing list of wealth managers and institutional investors adding Bitcoin ETFs to their portfolios.

Not just fund managers and pension funds, but university endowments are also wading into Bitcoin ETFs.

Harvard Management Company disclosed last week that it had bought about 1.9 million shares of BlackRock’s iShares Bitcoin ETF, worth more than $116 million, as of June 30. The position was the fifth largest in its $53 billion endowment, after Microsoft, Amazon, Booking Holdings, and Meta.

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