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Hedge fund powerhouse Brevan Howard has taken the lead in the race for Bitcoin ETF dominance. A new SEC filing reveals the firm now holds about 37.5 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) worth nearly $2.3 billion as of June 30. This marks a steep climb from 21.5 million shares in the first quarter, pushing Brevan Howard ahead of Goldman Sachs, which previously topped the list with a $1.4 billion stake.
The investment highlights Brevan Howard’s growing commitment to digital assets. Best known for its macro trading strategies, the hedge fund has been rapidly scaling its presence in crypto through BH Digital, a division managing billions across blockchain infrastructure and related technologies. This bold move solidifies the firm as a leading force in institutional crypto adoption.
IBIT continues to dominate the market with more than $88 billion in Bitcoin under management. Other major holders include Symmetry Investments, Capula Management, Mubadala Investment, and notably Harvard Management, which entered the top 20 with a $1.9 billion position, reflecting rising institutional appetite for Bitcoin exposure.
