Clear Creek Financial Management disclosed about $15.1 million across Bitcoin, Ethereum, XRP and Solana exchange-traded funds in its latest US regulatory filing.
summary
- Bitcoin ETFs accounted for about $10.4 millionLed by Bitwise’s BITB Fund.
- Clear Creek reported approx $4.3 million across three Ethereum ETFs.
- XRP and Solana products expand on the company’s disclosures Allocation of cryptocurrencies beyond BTC and ETH.
- Deposit provides a Quarterly snapshotWhich means Clear Creek may have changed locations since then.
Clear Creek’s Bitcoin ETF holdings exceed $10 million
Clear Creek’s largest disclosed crypto position was the Bitwise Bitcoin ETF (BITB). Investment advisor I mentioned Owning 304,155 shares worth approximately $9.69 million at the end of the reporting period.
The company also owns approximately $477,412 in BlackRock’s iShares Bitcoin Trust ETF and $248,539 in Grayscale Bitcoin Trust ETF. Together, the three Bitcoin ETF positions are worth about $10.4 million.
BITB accounted for approximately 93% of the Bitcoin ETF allocation disclosed by the company. Clear Creek manages more than $1.5 billion in assets, putting cryptocurrency positions in a relatively small share of its broader portfolio.
Form 13F requires institutional investment managers who oversee at least $100 million in qualifying U.S. securities to disclose certain long positions every quarter. However, the reports are retrospective and do not include cash, short positions or assets that fall outside the reporting rules.
Consequently, Clear Creek could have increased, reduced or exited certain positions after the reporting date.
Ethereum becomes the company’s second-largest cryptocurrency allocation
Ethereum ETFs made up Clear Creek’s second-largest allocation to digital assets at approximately $4.3 million.
The company reported 337,162 shares in the Bitwise Ethereum ETF, worth approximately $3.8 million. It also disclosed 14,336 shares in the iShares Ethereum Trust worth $170,455.
Clear Creek owns an additional 21,374 shares of the Grayscale Ethereum Scking ETF, valued at $321,251. The staking product gives investors exposure to ETH while integrating the rewards generated through Ethereum’s Proof-of-Stake network, subject to the fund’s structure and fees.
Separately, Morgan Stanley Launched Ethereum and Solana ETFs On July 28th. The products charge a 0.14% management fee, adding another major Wall Street name to the expanding US cryptocurrency fund market.
The developments show how regulated products give investment advisors multiple ways to allocate to the same digital assets, including products from Bitwise, BlackRock, Grayscale and Morgan Stanley.
XRP and Solana ETFs expand Clear Creek’s strategy
Clear Creek also announced smaller positions tied to XRP and Solana, taking the unveiled crypto ETF portfolio beyond the two largest digital assets.
The investment manager owns 11,621 shares of the Bitwise XRP ETF, valued at $135,501 on the reporting date.
Solana’s allocations were divided between two funds. Clear Creek owns 11,258 shares of the Bitwise Solana Scking ETF valued at $112,693 and 28,144 shares of the Grayscale Solana Scking ETF valued at $155,636.
These positions brought the company’s total reported exposure to the Solana ETF to approximately $268,329. Although small in size compared to its holdings of Bitcoin and Ethereum, the allocations show that some US advisors are using regulated funds to gain exposure to a broader range of crypto assets.
Morgan Stanley also recently unveiled an XRP ETF, providing another example of traditional financial companies going beyond exposure to just Bitcoin.
The U.S. and global cryptocurrency ETF markets continue to expand
Clear Creek’s filing arrives as the SEC considers it Changes in how they are reviewed A growing range of ETF proposals.
Brian Daly, an official in the SEC’s Division of Investment Management, said the agency receives roughly 200 applications from ETFs each month, according to Bloomberg ETFs analyst Eric Balchunas. Daly also admitted that the regulator had treated cryptocurrencies poorly and wanted a more structured process for reviewing new products.
The SEC is reportedly considering confidential ETF filings, which could allow issuers to file proposals privately before making them public. Such a system could protect new fund ideas from competitors while regulators conduct an initial review.
Other markets are also considering broader access to crypto funds. Japan may allow its first Bitcoin ETF by 2028 While regulators are preparing rules that will allow investment funds and ETFs to hold digital assets directly.
For US investors, the Clear Creek disclosure does not prove that the company is still invested at the same levels today. However, it provides a documented view of how one registered advisor spreads his cryptocurrency exposure across four assets and several competing issuers.
