Brevan Howard for Hold $2.3B Bitcoin ETF Position as BTC Fall
Brevan Howard don show say dem get $2.3 billion stake for BlackRock iShares Bitcoin Trust ETF (IBIT) for their Q2 13F filing, make dem be the largest institutional holder pass Goldman Sachs wey get $1.4 billion. Dis macro hedge fund build im IBIT position through three different filings wey total $2.26 billion, $32.9 million, and $24.5 million, from 21.5 million shares for Q1 reach 37.5 million shares as of June 30. Dem also yan say dem get $800,000 allocation for iShares Ethereum Trust ETF (ETHA). Dis accumulation come at the same time Bitcoin fall from $124,500 high go around $117,000, wey cause over $1 billion liquidation before e make small comeback. BlackRock Bitcoin ETF now dey manage over $88 billion AUM, show say institucinal demand for regulated Bitcoin exposure strong, plus e fit mean say altseason dey come as Ethereum ETF flow dey increase.
Bullish
Dis news show say institutional demand strong for regulated Bitcoin exposure through ETFs. Brevan Howard get big $2.3 billion IBIT position—now di biggest among institutions—wey mean say dem get trust for Bitcoin recovery chance. Combine am with BlackRock $88 billion AUM plus dem dey put more money for Ethereum ETFs, dis many inflows fit support BTC price levels and reduce short-term volatility. For long term, steady ETF capital fit push wider crypto rally and make altseason rotations fast as traders dey look for diversified digital-asset exposure.