Financial institution SouthState Bank has invested approximately $577,000 in two spot Bitcoin ETFs in the United States

ChainCatcher news, according to Cryptoslate, financial institution SouthState Bank disclosed investments in two spot Bitcoin ETFs, totaling $577,198.

It invested in 6,606 shares of Grayscale's GBTC, valued at $417,301, and 3,951 shares of BlackRock's IBIT, valued at $159,897. The investment in SouthState Bank's spot Bitcoin ETFs represents only a small portion of the $1.3 billion total reported in its filing.