MutualFundWire.com: A Midwestern FA Builds a Bitcoin-Focused Fund Family
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Monday, November 17, 2025

A Midwestern FA Builds a Bitcoin-Focused Fund Family


A financial advisor in Minnesota is preparing to launch his own fund family, starting with nine ETFs partly focused on a prominent cryptocurrency.

On Friday (November 14), Drew Bergstrom, FA and junior partner at Focus Financial Network's Bergstrom Group, filed to create the Bergstrom Financial Group Trust and to launch that trust's first funds:
  • the BlockBridge Bitcoin and S&P 500 50/50 Strategy ETF (BTSP on the Nasdaq);
  • the BlockBridge Bitcoin and Nasdaq 100 50/50 Strategy ETF (BTQQ);
  • the BlockBridge Bitcoin and Magnificent 7 50/50 Strategy ETF (BTM7);
  • the BlockBridge Bitcoin and Short Term Income 50/50 Strategy ETF (BTMM);
  • the BlockBridge Bitcoin and Floating Rate 50/50 Strategy ETF (BTFR);
  • the BlockBridge Bitcoin and Mortgage Opportunities 50/50 Strategy ETF (BTMO);
  • the BlockBridge Bitcoin and Fixed Income 50/50 Strategy ETF (BTBN);
  • the BlockBridge Bitcoin and Gold 50/50 Strategy ETF (BTAU); and
  • the BlockBridge Bitcoin and Aggressive Allocation 50/50 Strategy ETF (BTMS).
    • BlockBridge Investments, LLC, a firm expected to launch next year and based at the same Minnesota address as the Bergstrom Group, will serve as the planned ETFs' investment advisor.

    Last week's filing indicates that BlockBridge's ETFs are expected to debut on January 28, 2026. They will each come with an expense ratio of 45 basis points.

    Drew Bergstrom himself will serve as the portfolio manager for the nine BlockBridge ETFs, while FinTech Law, LLC will serve as counsel. Yet most of the ETFs' service providers are still TBA. Last week's filing does not reveal which providers will serve the trust and ETFs in several roles, including:
  • administrator;
  • compliance officer;
  • custodian;
  • distributor;
  • independent accounting firm;
  • securities lending agent; and
  • transfer agent.

    • Before joining the Bergstrom Group in 2021, Drew Bergstrom worked as an engineer with Polaris Inc. and ADDCO. He is an alumnus of the University of Minnesota Duluth.


    Printed from: MFWire.com/story.asp?s=70715

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