The announcement revealed that Clear Creek, a US asset management firm managing over $1.5 billion, disclosed in its latest 13F filing that it held approximately $15 million in crypto ETFs at the end of the quarter. The disclosed positions were primarily in Bitcoin products, followed by Ethereum, with smaller allocations to XRP and Solana-related funds.
Bitcoin ETFs have the highest weighting.
The documents show that Clear Creek holds approximately $10.4 million in Bitcoin ETFs, with Bitwise's BITB accounting for about 93% of this position. In terms of overall asset size, this crypto allocation still represents a relatively small percentage of its total portfolio.
Form 13F is a quarterly disclosure of holdings filed by U.S. institutional investment managers, applicable to institutions managing over $100 million in eligible U.S. securities assets. This document primarily reflects long positions and excludes cash, short positions, and certain assets not covered by the reporting requirement.
This also means that the document can only provide a snapshot of holdings at the end of the quarter, and Clear Creek may have increased, reduced, or exited some positions after the reporting period.
Ethereum is the second largest configuration.
Besides Bitcoin, Clear Creek disclosed Ethereum ETF holdings of nearly $4.3 million, making it its second-largest digital asset allocation. The article mentions that similar products in the US market are already available from multiple issuers, including Bitwise, BlackRock, and Grayscale, allowing institutional advisors to obtain exposure to the same asset through different funds.
Meanwhile, Morgan Stanley launched an Ethereum and Solana staking ETF on July 28 with a management fee of 0.14%. This shows that Wall Street institutions are continuing to expand their compliant crypto fund product lines.
XRP and Solana positions are relatively small.
Clear Creek also disclosed smaller positions linked to XRP and Solana, expanding its publicly disclosed crypto ETF allocation beyond Bitcoin and Ethereum. The total exposure to the Solana ETF is approximately $268,000.
While this amount is small, it reflects that some US investment advisors are gradually gaining access to a wider range of crypto assets through regulated funds. The article also mentions that Morgan Stanley recently disclosed its XRP ETF holdings, indicating that traditional financial institutions are expanding their asset allocation.
The SEC review process is still being adjusted.
This disclosure comes as the U.S. Securities and Exchange Commission (SEC) is assessing adjustments to its ETF review process. Bloomberg ETF analyst Eric Balchunas, citing Brian Daly, an official in the SEC's investment management division, stated that the regulator receives approximately 200 ETF applications per month.
The report also stated that the U.S. Securities and Exchange Commission (SEC) is considering introducing a confidential filing mechanism, allowing issuers to submit ETF proposals privately before going public, so that regulators can conduct preliminary reviews. In addition to the U.S., Japanese regulators are also studying easing restrictions on digital asset funds, with the market expecting the country to see its first Bitcoin ETF as early as 2028.
Additional information:13F filings only disclose long positions in specific U.S. securities and therefore cannot reflect an institution’s cash positions, short positions, or changes in positions after the reporting period.
