Hightower Advisors revealed a $68 million investment in spot Bitcoin ETFs in a filing dated May 6. The 13F filing disclosed that the firm holds shares in various ETFs, including Grayscale’s GBTC, FBTC, BlackRock’s IBIT, Ark Invest’s ARKB, Bitwise’s BITB, and Franklin Templeton’s EZBC, totaling $61.7 billion in assets.

SouthState Bank also disclosed investments in GBTC and IBIT, amounting to $577,198 combined, reflecting the ongoing institutional interest in spot Bitcoin ETFs. Hightower, with $130 billion in assets under management, and SouthState Bank, with $34 billion combined after a merger with CenterState Bank, join other financial institutions like BNP Paribas and Burkett Financial Services in recent filings.

These filings support predictions by experts like BlackRock’s head of digital assets, Robert Mitchnick, who anticipates increased institutional investment and trading in spot Bitcoin ETFs in the near future.