Wall Street increased its exposure to Bitcoin in the second quarter, adding positions not only in the Bitcoin Spot exchange funds (ETF) But also in US actions closely linked to the price of cryptocurrency, according to new presentations before the stock exchange and values commission (SECOND).
Brevan Howard almost doubled his position at Ishares Bitcoin Trust de Blackrock (Ibit) During the second quarter, according to a presentation of values. The Macro -centered coverage fund owned 37.9 million shares at the end of June, compared to approximately 21.5 million in March.
The participation was worth more than $ 2.6 billion based on the closing price of Ibit on June 28, which made Brevan Howard one of the largest institutional headlines of IBIT along with Goldman Sachs, which increased its position to $ 3.3 billion in Ibit and Fidelity’s Wise Origin Bitcoin Trust (FBTC). The bank giant also had $ 489 million in the Ishares Ethereum Trust (ETHA)According to a presentation.
Goldman’s property of ETFs is not necessarily a direct commitment to its negotiation table at the price of Bitcoin; Rather, it is more likely to represent positions in the possession of Goldman Sachs Asset Management on behalf of its customers.
Brevan Howard, better known for Macro Commerce, however, has been active for a long time in cryptographic space and operates a division of dedicated digital assets called BH Digital. The unit manages billions in assets and invests in blockchain infrastructure, decentralized finance and related technologies.
Harvard, Wells Fargo and more
Other important Ibit investors include Harvard University, which reported a participation of $ 1.9 billion in the ETF, and Mubadala Investment Company of Abu Dhabi, which continues to have $ 681 million.
In terms of US banks, Wells Fargo almost quadrupled their Ibit holdings at $ 160 million, compared to $ 26 million in the previous quarter, while maintaining a $ 200,000 participation in the Bitcoinscala de Grises fund (GBTC).
Cantor Fitzgerald also increased its shares to more than $ 250 million, while increasing bets in cryptography related, including strategy (Mstr)Coinbase (COIN) and Robinhood (HOOD)inter alia.
The commercial firm Jane Street revealed to have a participation of $ 1.46 billion in Ibit, which represents the largest position in its portfolio after Tesla (TSLA) at $ 1.41 billion. It increased its participation in MSTR while reducing its FBTC holdings.
Spot Bitcoin ETF as Ibit, which was launched in January, allows investors to obtain exposure to the price of Bitcoin without directly maintaining the cryptocurrency. This structure offers traditional institutions a road to participate in the cryptographic market through family brokerage accounts and custody agreements.
Norway buys more
For some entities abroad, obtaining exposure to Bitcoin is easier through companies that are quoted in the United States that have large amounts of BTC in their balances.
That is the approach by adopting the Sovereign Fund of Norway’s wealth, along with several other European investors backed by the State, who opt for capital bets in crypto-adjacent companies instead of maintaining cryptography directly.
Norges Bank investment management (NBIM)The investment arm of the Central Bank of Norway and the entity that manages the pension fund of $ 2 billion of $ 2 of the country, now indirectly has 7,161 BTC, according to a new note of K33 Research. That figure has increased 192% of 2,446 BTC a year ago, and 87% more than the 3,821 BTC that remained at the end of 2024.
Most of your exhibition, 3.005 BTC, is produced by strategy actions. The rest extends between companies such as Marathon Digital, Coinbase, Block and Metaplanet. K33 also told GME (Gamestop) and several smaller holdings that contribute to the total.
Even so, the exhibition is still small in context. The Fund of Norway has participations in thousands of companies in global markets, and the value of its investments linked to Bitcoin is a fraction of its total holdings. At a current market price of $ 117,502 per BTC, the 7,161 BTC of the fund have a value of around $ 841 million, or less than 0.05% of the $ 2 billion portfolio of $ 2 billion.
The strong increase during the past year can indicate a growing institutional comfort with the asset class, but does not represent an important strategic change, but.
