According to the latest 13F form filed with the U.S. Securities and Exchange Commission, DRW Venture Capital, the venture capital arm of Chicago-based high-frequency trading firm DRW Holdings, disclosed that it currently holds at least $195 million worth of spot Bitcoin and Ethereum ETFs, which may be the company's first foray into crypto spot ETFs.
More than $150 million of these products are Grayscale Ethereum Trust (ETHE). In addition, ETHE is its third largest holding, second only to funds tracking the S&P 500 index and gold trusts.
The company's investment in Bitcoin ETFs is relatively scattered, holding Bitcoin ETFs issued by Ark and 21Shares, Bitwise, BlackRock, Fidelity and Proshares.