Bloomberg Analyst: Pine Ridge Advisers Holds $205 million in IBIT, FBTC and BITB
2024-05-15 19:38:39
Bloomberg ETF analyst Eric Balchunas said that another major shareholder has just joined Pine Ridge Advisers, which owns $205 million of IBIT, FBTC and BITB, representing 23% of its total management size. It may be some kind of arbitrage trade, but RIA is investing 1/4 of its portfolio in BTC.
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