Brevan Howard Asset Administration disclosed a US$2.3 billion stake in BlackRock’s iShares Bitcoin Belief, making the London-based macro hedge fund the biggest institutional holder of the spot Bitcoin exchange-traded fund. A quarterly Kind 13F filed with the U.S. Securities and Trade Fee reveals the agency owned 37.5 million IBIT shares valued at quarter-end on 30 June, up from 21.6 million shares three months earlier.
The submitting signifies that Bitcoin publicity now accounts for greater than one-fifth of Brevan Howard’s roughly US$20 billion portfolio, underscoring accelerating institutional demand for the cryptocurrency through regulated U.S. ETFs that started buying and selling in January.
Different massive traders additionally expanded positions. Wells Fargo grew its mixed holdings of Bitcoin ETFs to about US$160 million within the second quarter, up sharply from US$26 million, whereas Abu Dhabi’s sovereign wealth fund declared a US$534 million allocation, in response to separate disclosures. The regular inflows recommend that mainstream monetary establishments are deepening bets on the digital-asset market regardless of continued value volatility and regulatory scrutiny.
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