Wall Street enhances its risk for bitcoins in the second quarter, adding not only the posts to the spot bitcoin exchange-traded funds (ETF) But in American shares too, closely tied to the price of cryptocurrency, according to the new filing with the Securities and Exchange Commission (Sec),
Brevan Howard almost doubled its position in Blackrock’s Ishares Bitcoin Trust (I broke) During the second quarter, according to A RecommendMacro-centered hedge funds organized 37.9 million shares in late June, which was about 21.5 million in March.
On June 28, the stake was more than $ 2.6 billion based on the closing price of Ibit, making Brevan Howard one of the biggest reported institutional holders of Ibit with Goldman Sachs, which increased its position in the Ibit and Fidelity’s Wise original bitcoin trust. (FBTC)Banking giants also organized $ 489 million Ishras Etharium Trust (Atha)according to a Admission,
The Goldman of ETFS is not an direct bet by its trading desk at the price of bitcoin; Instead, it is more likely that Goldman represents the positions organized by its customers by Sachs Asset Management.
Brevon Howard known for macro trading, however, has long been active in crypto space and conducts a dedicated digital asset division called BH Digital. The unit manages billions in assets and invests in blockchain infrastructure, decentralized finance and related technologies.
Harvard, Wales Fargo and more
Other major ibit investors include Harvard University, which has reported a $ 1.9 billion stake in ETF and Abu Dhabi’s Mubdala Investment Company, which $ 681 million continues,
In terms of American banks, Wales Fargo An almost quadruple Above $ 26 million in the last quarter, Ibit holds $ 160 million, while maintaining a $ 200,000 stake in Grassscale Bitcoin Fund (GBTC),
Cantor Fitzgerld also increased its stake to more than $ 250 million, as well as extending bets in crypto-related stocks, including strategies (MSTR)Coinbase (Coin) And Robinhood (hood)Among others.
Trading firm Jane Street revealed Ibit holds $ 1.46 billionWhich represents the largest single position in his portfolio after Tesla (TSLA) $ 1.41 billion. It increased its stake in MSTR, reducing its Holding of FBTC.
Spot bitcoin ETFs such as IBTs, which were launched in January, allows investors to come into contact with the price of bitcoin without grabbing cryptocurrency directly. This structure provides traditional institutions an Avenue to participate in the Crypto market through familiar brokerage accounts and custodial arrangements.
Norway buys more
For some foreign institutions, exposure to bitcoin is easy through American-listed companies that keep a large amount of BTC on their balance sheet.
It is being taken by Norway’s sovereign wealth funds with several other European state-backed investors, who are choosing for equity stakes in crypto-unseen firms rather than grabbing crypto directly.
Niger Bank Investment Management (Nbim)Norwegian Central Bank’s investment hand and the country’s $ 2 trillion pension fund managing unit, now indirectly holds 7,161 BTC, according to it A new note from K33 ResearchThe figure is 192% from 2,446 BTC a year ago, and from 3,821 BTC to 87% held in late 2024.
The largest part of its exposure – 3,005 BTC – comes through shares in strategy. The rest of the marathon is spread over companies such as Digital, Coinbase, Block and Metaplanet. K33 also counted GME (Gamestop) And many small holdings as contributing to clan.
Nevertheless, the exposure remains small in context. Norway funds own bets in thousands of companies in global markets, and the value of its bitcoin investments is a part of its total holdings. At the current market price of $ 117,502 per BTC, the fund of 7,161 BTC is around $ 841 million – or less than 0.05% of the $ 2 trillion portfolio.
The rapid growth in the last one year may indicate increasing institutional comfort with the property class, but it does not represent a major strategic change – yet.
