Wall Street increased its exposure to Bitcoin in the second quarter and added positions not only in spot Bitcoin exchange traded funds (ETFS) But also in US stocks closely linked to Cryptocurrency’s Award, according to new archives for Securities and Exchange Commission (SEK).
Brevan Howard almost doubled its position in Blackrocks Ishares Bitcoin Trust (Ibit) During the second quarter, according to a securities filing. The macrofocused hedge fund had 37.9 million shares in late June, up from approx. 21.5 million in March.
The stake was more than $ 2.6 billion worth based on Ibit’s closing course on June 28, making Brevan Howard one of the largest reported institutional holders of Ibit along with Goldman Sachs who increased its position to $ 3.3 billion in Ibit and Fidelity’s Wise Origin Bitcoin Trust Trust (FBTC). The bank giant also had $ 489 million value of Ishares Ethereum Trust (Etha)according to a filing.
Goldman’s ownership of ETFS is not necessarily a direct effort from its trade desk to Bitcoin’s award; Rather, it represents more likely positions contained by Goldman Sachs Asset Management on behalf of its clients.
However, Brevan Howard, best known for macro trade, has long been active in the crypto area and operates a dedicated digital asset department called BH Digital. The device administers billions in assets and invests in blockchain infrastructure, decentralized funding and related technologies.
Harvard, Wells Fargo and more
Other major Ibit investors include Harvard University, which reported a $ 1.9 billion share in ETF, and Abu Dhabis Mubadala Investment Company, which still has $ 681 million.
With regard to US, FIRS BANKS FARGO almost quadrupled its holdings of ibit to $ 160 million, up from $ 26 million in the previous quarter, maintaining a $ 200,000 -share in the Grayscale Bitcoin Fund (GBTC).
Cantor Fitzgerald also increased its holdings to over $ 250 million, while also increasing efforts in crypto-related shares, including strategy (Mstr)Coinbase (COIN) and Robinhood (HOOD)Among other things.
The trading company Jane Street revealed with a share of $ 1.46 billion in Ibit, which represents the largest single position in its portfolio after Tesla (TSLA) to $ 1.41 billion. It increased its share in Mstr while reducing its inventory of the FBTC.
Spot Bitcoin ETFs like Ibit, launched in January, allow investors to get exposure to Bitcoin’s price without directly keeping cryptocurrency. This structure offers traditional institutions an opportunity to participate in the crypto market through well -known brokerage accounts and deposit arrangements.
Norway buys more
For some overseas devices, it is easier to get exposure to Bitcoin through US listed companies that have large amounts of BTC on their balance.
This is the approach that Norway’s Sovereign Wealth Fund has taken, along with several other European state-sponsored investors, who choose stock content of crypto-adjacent companies instead of keeping crypto directly.
Norway’s Bank Investment Management (NBIM)The investment arm for the Norwegian central bank and the unit that administers the country’s $ 2 trillion pension fund now has indirect 7,161 BTC, according to a new note from K33 research. This figure has risen 192% from 2,446 BTC a year ago, and up 87% from 3,821 BTC it had at the end of 2024.
The largest part of its exposure – 3,005 BTC – comes through shares in the strategy. The rest is scattered across companies such as Marathon Digital, Coinbase, Block and Metaplanet. K33 also counted GME (Gamestop) and several minor possessions as contributions to the total amount.
Still, exposure remains small in context. The Norwegian Foundation owns efforts in thousands of companies across global markets, and the value of its bitcoin-bound investment is a fraction of its overall holdings. At a current market price of $ 117,502 per BTC is the Fund’s 7,161 BTC worth around $ 841 million – or less than 0.05% of $ 2 trillion portfolio.
The sharp increase in the past year can signal growing institutional comfort with the asset class, but it does not represent a major strategic shift – yet.
