Key takeout
- Brevan Howard is presently the most important institutional investor in BlackRock’s Bitcoin ETF, holding 37.5 million shares of $2.3 billion.
- The holdings of IBIT’s firm have grown since March, indicating a rising institutional curiosity in publicity to regulated Bitcoin.
In line with a brand new SEC disclosure, hedge fund big Brevan Howard reportedly owns roughly 37.5 million shares of BlackRock’s Bitcoin ETF (IBIT), valued at round $2.3 billion as of June 30.
The funding has risen sharply from 215 million shares within the first quarter, making Brevan Howard the most important institutional proprietor of IBIT primarily based on out there SEC filings.
The corporate beforehand was the second largest IBIT investor and was chasing behind Goldman Sachs. Funding banks held greater than $1.4 billion in IBIT shares as of March.
Brevan Howard, identified for its macro buying and selling technique, has been steadily increasing to digital property in recent times. The corporate operates a devoted Crypto Division, BH Digital, which manages billions of {dollars} of property and invests in blockchain infrastructure and associated applied sciences.
In line with the newest Fintel information, different main IBIT holders embody Symmetric Funding, Capula Administration and Mubadala Funding. Harvard Administration first entered the highest 20 with a $1.9 billion shares reporting.
IBIT continues to dominate the Bitcoin ETF market, with over $88 billion of Bitcoin below management.
