Brevan Howard, Goldman Sachs and Harvard led the billion -billions to Bitcoin ETF spree purchase
Wall Street stabbed its exposure to Bitcoin in the second quarter, adding positions not only to funds exchanged by Bitcoin Exchange (ETFS) But also US stocks closely tied to cryptocurrency prices, according to new filings with the Securities and Exchange Commission (Sec).
Brevan Howard nearly doubles its position in ishares bitcoin trust of blackrock (Go) In the second quarter, according to a Filing of security. The Macro -focused hedge fund held 37.9 million shares at the end of June, from nearly 21.5 million in March.
Stake costs more than $ 2.6 billion based on Ibit’s closing price on June 28, making Brevan Howard one of the largest reported Ibit institution holders along with Goldman Sachs, which strengthened its position to $ 3.3 billion in Bitcoin’s bitcoin’s smart bitcoin of bitcoin’s Bitcoin Bitcoin Bitcoin Bitcoin Bitcoin Bitcoin Bitcoin Bitcoin Bitcoin Bitcoin Bitcoin Bitcoin (FBTC). Banking Giant will also hold $ 489 million worth of Ishhares Ethereum Trust (Etha)According to a File.
Goldman’s owner of the ETF is not required a direct wager by its trading desk at the price of Bitcoin; Instead, it is more likely to represent the positions held by Goldman Sachs Asset Management on behalf of its clients.
Brevan Howard, known for MacRO trading, however, has long been active in the crypto space and operates a dedicated digital asset division called BH digital. The unit manages billions -billions of properties and investors in blockchain infrastructure, decentralized finances and related technologies.
Harvard, Wells Fargo and many more
Other major Ibit investors include Harvard University, which reported a $ 1.9 billion stake to ETF, and Mubato Investment Company of Abu Dhabi, which continues to hold $ 681 million.
In terms of US banks, the Wells Fargo Almost quadrupled Its Ibit holders up to $ 160 million, from $ 26 million in the previous quarter, while maintaining a $ 200,000 stake in the Grayscale Bitcoin Fund (GBTC).
Cantor Fitzgerald also strengthened its holdings to more than $ 250 million while also raising stakes in crypto -related stocks, including approach (Mstr)Coinbase (Coins) and Robinhood (Hood)among others.
Trading firm Jane Street revealed Holds $ 1.46 billion stake in ibitrepresenting the largest single position in its portfolio after Tesla (Tsla) at $ 1.41 billion. It increased the stake to MSTR while reducing its FBTC holdings.
Bitcoin ETF spots like Ibit, launched in January, allow investors to gain exposure to bitcoin prices without directly holding cryptocurrency. That structure offers traditional institutions of an avenue to participate in the crypto market through familiar broker accounts and custodial repair.
Norway bought more
For some creatures abroad, having exposure to bitcoin is easier by the US -listed companies holding a huge BTC amount on their balance sheets.
That is the approach that Norway’s highest wealth funds have taken, along with many other investors supported by European states, who choose equity stakes in companies equal to crypto rather than touching the crypto directly.
Managing Investment in Norges Bank (Nbim)Norwegian Central Bank’s investment arm and the creature in charge of the country’s $ 2 trillion pension fund, now does not directly hold 7,161 BTC, according to A new note from K33 research. That figure reached 192% from 2,446 BTC a year ago, and up to 87% from 3,821 BTCs held at the end of 2024.
The largest part of its exposure – 3,005 BTC – comes through the strategy shares. The rest has spread to companies such as marathon digital, coinbase, block, and metaplanet. K33 also counts GME (Gamestop) and many smaller handling as contributing to the whole.
However, exposure remains small in context. Norway’s funds own stakes to thousands of companies throughout the global market, and the amount of investments associated with Bitcoin is a part of its total handling. At a current market price of $ 117,502 per BTC, 7,161 BTC costs about $ 841 million – or less than 0.05% of the $ 2 trillion portfolio.
The sharp increase in the last year may signal the growing institutional comfort to the owner class, but it does not represent a major strategic shift -yes.
