Recent 13F filings reveal that hedge funds significantly boosted their holdings in spot Bitcoin ETFs during the second quarter, reaching a total value of $4.7 billion.
Several notable hedge funds contributed to this trend. Jane Street, previously reported to have increased its IBIT holdings to $221 million in Q2, also reduced its GBTC holdings by 86%. European asset manager Capula now holds close to $500 million in spot Bitcoin ETFs.
Ken Griffin’s Citadel also made significant moves, tripling its holdings in ProShares Bitcoin Strategy ETFs to 860,727 shares, currently valued at $19 million. Additionally, Citadel holds $67 million in call options and $52 million in put options for the fund, along with smaller positions in other BTC ETFs totaling less than $10 million.
