Brevan Howard Tops IBIT Bitcoin ETF Holdings; $HYPER Could Gain
Brevan Howard, a leading alternative investment firm, has become the largest institutional holder of BlackRock’s iShares Bitcoin Trust (IBIT) Bitcoin ETF. Launched in January 2024, IBIT now manages $87.7 billion in assets (AUM) and has delivered a 77.7% one-year return. According to the latest SEC 13F filing, Brevan Howard boosted its IBIT position by 71% in Q2, acquiring 37.5 million shares valued at $2.3 billion—overtaking Goldman Sachs’s $1.4 billion stake. This move underscores growing institutional demand for Bitcoin ETFs, following heavyweights like MicroStrategy and Tesla.
At the same time, the Bitcoin Hyper ($HYPER) presale is gaining traction. As the first Bitcoin Layer 2 solution, $HYPER leverages the Solana Virtual Machine for faster transactions and Web3 compatibility. Its presale has raised $9.9 million at $0.012735 per token, with a price increase imminent. Forecasts suggest $HYPER could reach $0.32 by end of 2025, offering a potential 2,400% upside. Traders should watch both institutional flows into the Bitcoin ETF and emerging altcoins such as $HYPER to capture gains in the current crypto rally.
Bullish
Brevan Howard’s substantial $2.3 billion position in the IBIT Bitcoin ETF signals robust institutional confidence in Bitcoin ETFs. Historically, large buys by leading firms have driven ETF inflows and supported spot prices—MicroStrategy’s accumulation preceded major rallies in 2020–2021. This uptick may prompt other institutions to increase ETF allocations, tightening supply and fueling price gains. Coupled with bullish technical indicators and the growing presale for $HYPER as a high-speed Bitcoin Layer 2 play, the news is likely to bolster both short-term momentum and long-term adoption of Bitcoin and related altcoins.