Our Terms & Conditions | Our Privacy Policy
Hedge Fund giant Brevan Howard, with assets under management (AuM) of around $20 billion, has revealed an increase in its BlackRock Bitcoin ETF (IBIT) holdings. The firm is just one of the notable names that continue to gain BTC exposure through IBIT and other Bitcoin funds.
Brevan Howard Holds $2.3 Billion BlackRock Bitcoin ETF Shares
A 13-F SEC filing showed that the Hedge fund giant now holds $2.32 billion in IBIT shares. This also suggests that the company might now be the largest IBIT holder.
A May SEC filing had shown that Goldman Sachs was the largest IBIT shareholder at the time with $1.4 billion in BlackRock Bitcoin ETF shares. If that remains the case, then Brevan Howard has surpassed the banking giant to become the largest IBIT holder.
Meanwhile, this development underscores how traditional finance giants continue to gain exposure to Bitcoin through BlackRock’s IBIT and other BTC funds. CoinGape last week reported Harvard Endowment’s $116 million investment in BlackRock’s fund, making it the 29th largest IBIT holder.
These institutional investors also continue to show how bullish they are on BTC as BlackRock Bitcoin ETF and other BTC funds continue to record massive inflows. As CoinGape reported, IBIT just recently surpassed the $90 billion mark in terms of assets under management (AuM).
The Bitcoin ETF is now one of the largest funds in the U.S. despite just launching last year. Meanwhile, all the BTC ETFs combined hold $153.43 billion in net assets, which represents 6.54% of the flagship crypto’s market cap.
Despite the recent Bitcoin price crash, institutional investors like Brevan Howard doubled down on their investment in the BlackRock Bitcoin ETF. SoSo Value data shows that these funds recorded a net inflow of $523.7 million on August 14. The world’s largest asset manager was one of the only two issuers, alongside Grayscale, that recorded a net inflow.
✓ Share:
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand.
Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing.
Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Aggregated From –
Comments are closed.