Update
LPL Financial Boosts Bitcoin ETF Stake
Independent broker-dealer LPL Financial increased its spot Bitcoin ETF holdings by 50% to $261 million in the third quarter, bringing the position to $261 million. The firm's 13F filing for the quarter ending September 30 shows this growth, which is part of a pattern of gradual building in products like the ARK 21Shares Bitcoin ETF and the Franklin Bitcoin ETF. LPL managed approximately $2.56 trillion in total client assets, with advisory assets making up around $1.561 trillion. $261 million is a small slice of the firm's total assets, but it reflects a growing acceptance of crypto assets among large wealth managers.