Wealth Enhancement boosts Bitcoin ETF position from $22M to $33M

Wealth Enhancement Advisory Services has raised its Bitcoin ETF holdings from $22 million to $33 million, according to its latest Form 13F filing for the second quarter of 2026. What the filing shows Wealth Enhancement Advisory Services, LLC is a registered investment advisor and a subsidiary of Wealth Enhancement Group. An RIA is a firm that manages money for clients and owes them a fiduciary duty, meaning it is legally required to act in their best interest. The firm’s total assets under management sit at around $120 billion. Its 13F-reported equity and ETF positions were estimated at about $59.8 billion as of June 30, 2026. The 13F is a quarterly disclosure that large institutional managers file with the SEC, covering their stock and ETF holdings at quarter end. A spread across several funds The Bitcoin exposure is not concentrated in a single product. The firm holds a stake in the Fidelity Wise Origin Bitcoin Fund (FBTC), along with the ARK 21Shares Bitcoin ETF (ARKB) and the VanEck Bitcoin ETF (HODL). The FBTC position was valued at approximately $4.2 million as of June 30, 2026, down from earlier valuations in the $11 million to $15 million range. So the overall Bitcoin ETF n...