According to ChainCatcher, the hedge fund Bracebridge Capital's second quarter 13-F filing submitted to the SEC shows that Bracebridge Capital significantly reduced its position in the spot Bitcoin ETF in the second quarter. It only held $112 million of Ark 21Shares in the second quarter.

It is reported that Bracebridge Capital held $300 million of Ark 21Shares' ARKB and $100 million of BlackRock IBIT in the first quarter, as well as $26.52 million of Grayscale GBTC.