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      Wealth Enhancement Advisory Services Increases Bitcoin ETF Holdings to $33 Million

      Wealth Enhancement Advisory Services, LLC has increased its holdings in Bitcoin exchange-traded funds (ETFs) from $22 million to $33 million, as reported in its latest Form 13F filing for the second quarter of 2026. The firm, which is a subsidiary of Wealth Enhancement Group and manages approximately $120 billion in assets, disclosed that its total equity and ETF positions were valued at around $59.8 billion as of June 30, 2026.

      The firm's Bitcoin exposure is diversified across several products, including the Fidelity Wise Origin Bitcoin Fund (FBTC), the ARK 21Shares Bitcoin ETF (ARKB), and the VanEck Bitcoin ETF (HODL). Notably, the FBTC position was valued at about $4.2 million at the end of June 2026, a decrease from previous valuations that ranged between $11 million and $15 million. This indicates that while the overall Bitcoin ETF investment has increased, the specific stake in the Fidelity fund has diminished.

      In a broader context, institutional investors collectively raised their Bitcoin ETF positions by approximately 1.3% during the second quarter of 2026, despite experiencing overall ETF outflows. Bitcoin ETFs represented 22.4% of total U.S. spot ETF assets under management during this period. Wealth Enhancement Group's growth strategy, primarily through acquisitions, has led to a more diversified portfolio that now includes significant Bitcoin ETF exposure.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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