Brevan Howard and Graham Capital Slash Bitcoin ETF Holdings by Over 70% in Q2

BitcoinWorld Brevan Howard and Graham Capital Slash Bitcoin ETF Holdings by Over 70% in Q2 Two prominent hedge funds significantly reduced their exposure to spot Bitcoin exchange-traded funds (ETFs) during the second quarter, according to recent regulatory filings.

Brevan Howard cut its holdings of BlackRock’s iShares Bitcoin Trust (IBIT) by approximately 70.4%, while Graham Capital reduced its position by about 72% over the same period. Details from the 13F Filings Brevan Howard’s 13F filing with the U.S.

Securities and Exchange Commission (SEC) shows its IBIT position fell to 7.21 million shares from 24.3 million shares at the end of the first quarter. Similarly, Graham Capital trimmed its IBIT holdings to 259,000 shares from 926,000 shares, representing a 72% reduction.

These filings, required for institutional investment managers with assets over $100 million, provide a quarterly snapshot of holdings.