6 days ago
Brevan Howard became the largest organization shareholder of BlackRock’s iShares Bitcoin Trust (IBIT) by expanding its holdings by 71% betwixt the archetypal and 2nd quarters of 2025.
According to a filing with the US Securities and Exchange Commission (SEC) of its latest 13F form, the hedge money present holds astir 37.5 cardinal IBIT shares valued astatine astir $2.3 cardinal arsenic of June 30, up from 21.9 cardinal shares successful the archetypal quarter.
Additionally, Brevan Howard has a $25 cardinal vulnerability to Bitcoin enactment calls done 400,000 shares of IBIT. The London-based firm’s dollar-denominated holdings grew from some the stock summation and Bitcoin’s (BTC) terms appreciation during the period.
Bitcoin surged from its March closing of $82,511.47 to a June closing of $107,168.23. This terms question amplified the worth of Brevan Howard’s expanded position.
Brevan Howard antecedently ranked arsenic the second-largest IBIT investor, trailing Goldman Sachs, which held implicit $1.4 cardinal worthy of IBIT shares arsenic of March.
The accumulation successful the 2nd 4th vaulted Brevan Howard past Goldman Sachs to assertion the top presumption among organization holders.
The hedge money besides added vulnerability to BlackRock’s iShares Ethereum Trust (ETHA) during the past quarter.
Crypto dive
Brevan Howard formed BH Digital successful September 2021 to supply integer plus vulnerability crossed investing and concern operations successful nationalist and backstage markets.
The dedicated crypto part has delivered beardown performance, with BH Digital returning 34.5% successful the archetypal 4th of 2024 portion managing astir $1.7 cardinal successful assets.
Brevan Howard raised much than $1 cardinal for its flagship crypto vehicle, representing the largest crypto hedge money motorboat ever.
The firm’s dual attack combines nonstop crypto investments done BH Digital with exchange-traded funds (ETFs) holdings successful accepted portfolios.
IBIT has attracted important organization involvement since launching successful January 2024, with implicit $91 cardinal successful assets nether management, according to Bold Report data.
Furthermore, Farside Investors’ data revealed that IBIT accumulated $58.5 cardinal successful affirmative nett flows since launch, dwarfing the second-largest spot Bitcoin ETF by astir 5 times.
Brevan Howard’s Bitcoin ETF accumulation reflects broader organization adoption of crypto done regulated concern products.
The firm’s important IBIT presumption demonstrates however accepted plus managers are incorporating integer assets into organization portfolios portion maintaining operational ratio done ETF structures.
The station Brevan Howard reports $2.3B Bitcoin vulnerability via BlackRock’s IBIT ETF, becoming second-largest holder appeared archetypal connected CryptoSlate.
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