LPL Financial, a major independent broker-dealer in the US, reported a 50% increase in its spot Bitcoin ETF holdings during the third quarter. According to the firm's 13F filing for the period ending September 30, the total value of these positions reached $261 million.
The company maintains a diversified approach by investing in multiple products, including the ARK 21Shares Bitcoin ETF and the Franklin Bitcoin ETF. Additionally, the filing disclosed a separate position worth $112 million linked to MicroStrategy, which is categorized outside of the ETF holdings.
As of September 30, LPL Financial managed approximately $2,56 trillion in total client assets, with advisory assets accounting for $1,561 trillion. The firm supports a network of roughly 32,600 financial advisors who utilize these instruments to provide clients with exposure to digital assets.
The trend of increasing Bitcoin ETF exposure is reflected across the broader wealth management sector. For instance, Creative Planning reported a 43% growth in its own Bitcoin ETF holdings during the same quarter. These filings indicate that such assets are becoming a standard component of institutional portfolios.
