Wall Street increased its exposure to Bitcoin in the second quarter, adding positions not only in Bitcoin negotiated funds (ETF) But also to American actions closely linked to the price of cryptocurrency, according to new documents with the Securities and Exchange Commission (SECOND).
Brevan Howard almost doubled his position in Ishares Bitcoin Trust de Blackrock (Ibit) During the second quarter, according to a securities file. The Macro-Axé hedge fund held 37.9 million shares at the end of June, against around 21.5 million in March.
The participation was worth more than $ 2.6 billion on the basis of the Ibit closing price on June 28, which makes Brevan Howard one of the largest institutional holders of Ibit alongside Goldman Sachs, which brought his position to $ 3.3 billion in Ibit and (FBTC). The banking giant also held $ 489 million from Ishares Ethereum Trust (Etha)According to a file.
The ownership of the ETF by Goldman is not necessarily a direct bet by its negotiation office on the Bitcoin price; On the contrary, it more likely represents positions occupied by Goldman Sachs Asset Management on behalf of its customers.
Brevan Howard, best known for macro trading, however, has long been active in cryptographic space and has exploited a division of dedicated digital assets called BH digital. The unit manages billions of assets and invests in blockchain infrastructure, decentralized finances and related technologies.
Harvard, Wells Fargo and more
The other major IBIT investors include the Harvard University, which has declared a participation of $ 1.9 billion in the ETF, and the investment company of Mubadala of Abu Dhabi, which continues to hold $ 681 million.
In terms of American banks, Wells Fargo has almost quadrupled its Ibit assets at $ 160 million, compared to $ 26 million in the previous quarter, while maintaining a participation of $ 200,000 in the Bitcoin Fund on a gray scale (GBTC).
Cantor Fitzgerald also increased his assets to more than $ 250 million while also increasing holdings in the Crypto -related actions, including the strategy (MSTR)Cornerbase (COIN) and Robinhood (HOOD)among others.
Commercial company Jane Street revealed a $ 1.46 billion participation in Ibit, which represents the greatest unique position of its portfolio after Tesla (Tsla) to $ 1.41 billion. He increased his participation in MSTR while reducing his FBTC assets.
The FNB Bitcoin Spot like Ibit, which was launched in January, allow investors to expose themselves to the price of Bitcoin without directly holding the cryptocurrency. This structure offers traditional institutions an avenue to participate in the cryptography market thanks to familiar brokerage accounts and childcare arrangements.
Norway buy more
For certain entities abroad, obtaining an exposure to Bitcoin is easier with listed companies in the United States which hold large amounts of BTC on their balance sheets.
This is the approach adopted by the Sovereign Fund of Norway, as well as several other investors supported by the European State, which opt for action participations in crypto-adjacent companies rather than holding the crypto directly.
Norges Bank Investment Management (Nbim)The investment branch of the Norwegian central bank and the entity which manages the pension fund of 2 dollars of the country, now indirectly holds 7,161 BTC, according to a new note from K33 Research. This figure is up 192% compared to 2,446 BTC a year ago and increased by 87% compared to the 3,821 BTC which it held at the end of 2024.
Most of its exhibition – 3,005 BTC – goes through strategy actions. The rest is distributed among companies like Digital Marathon, Coinbase, Block and Metaplanet. K33 also counted GME (GameStop) And several small assets as contributing in total.
However, the exhibition remains tiny in context. The Norwegian fund has participations in thousands of companies in the global markets, and the value of its Bitcoin investments is a fraction of its total assets. At the current market price of $ 117,502 per BTC, the 7,161 BTC of the fund earned approximately $ 841 million – or less than 0.05% of the 2 -dollar billion portfolio.
The net increase in the past year can report growing institutional comfort with the asset class, but it does not represent a major strategic change, but.
