Jaffe Tilchin Investment Partners and several other firms disclosed their investments in spot Bitcoin ETFs on May 16.

The Florida-based investment manager and insurance services advisor reported investing $11.3 million in spot Bitcoin ETFs in the first quarter. This included $9.8 million in BlackRock’s IBIT and $1.6 million in Grayscale’s GBTC.

Separately, WealthPlan, based in Nebraska, disclosed a $2.2 million investment in GBTC, while Skyview, located in New Jersey, reported a $1.3 million investment in GBTC.

Comerica Bank, headquartered in Texas, detailed investments totaling $647,000 across four funds. These included $361,395 in GBTC, $225,013 in IBIT, $33,219 in Ark’s ARKB, and $28,051 in Fidelity’s FBTC.

These disclosures follow investments by other prominent firms and financial institutions, such as Millenium Management, Schonfield Strategic Advisors, Morgan Stanley, JP Morgan Chase, Wells Fargo, BNP Paribas, and UBS.

In total, nearly 1,000 firms have invested in spot Bitcoin ETFs since their launch in January.

According to K33 Research senior analyst Vetle Lunde, professional firms invested over $11 billion in US spot Bitcoin ETFs during the first quarter, with 937 firms participating.

Bloomberg ETF analyst Eric Balchunas provided a similar estimate, noting that 929 institutions held at least one spot Bitcoin ETF, with 414 investors holding BlackRock’s IBIT.

Spot Bitcoin ETFs were approved by the SEC in January, marking the first time investors could purchase such ETFs in the US. GBTC was available earlier, although it underwent a conversion process to become an ETF.