Happycoin.club - Hedge fund Bracebridge Capital, which manages the finances of such famous and large institutions as Yale University and Princeton University, has become the largest holder of various Bitcoin spot exchange-traded funds (ETFs). This became known thanks to a report from the US Securities and Exchange Commission (SEC).
According to the federal department, a large portion of the hedge fund's Bitcoin ETF is held in the ARKB fund from Ark Invest (4,327,380 shares). Next comes IBIT from asset manager BlackRock (2,486,750 shares) and GBTC from Grayscale (419,910 shares). As of March 31, Bracebridge Capital's holdings in these ETFs were valued at a total of $434 million.
Bloomberg ETF analyst Eric Balchunas highlighted Bracebridge Capital's dominant position, especially in Ark Invest and BlackRock's Bitcoin ETF.
A new record has been set for Bitcoin ETF holdings (excluding access points/market makers). Boston-based Bracebridge Capital said it holds $262 million in ARKB.
The company is also the largest owner of IBIT worth $81 million. In addition, the organization owns GBTC worth $20 million. They have gone crazy,” Balchunas wrote on the social network X (formerly Twitter), which is banned in Russia.