Hedge fund Brevan Howard has become the largest shareholder of BlackRock's Bitcoin ETF, indicating growing institutional interest in crypto assets.
New Data on Brevan Howard's Shares
According to the latest Securities and Exchange Commission (SEC) filing, Brevan Howard now owns around 37.5 million shares of IBIT. This is valued at approximately $2.3 billion and marks a significant increase from the 21.56 million shares held in Q1 2025. This positions Brevan Howard at the top of the list of shareholders, which includes numerous institutional investors.
Response to Changes in IBIT Ownership
Previously, Goldman Sachs was the largest holder with 30.8 million shares at the end of Q1 2025, valued at $1.4 billion. However, Goldman Sachs has yet to disclose its recent holdings in IBIT, leaving the question of whether it has increased its stake open. Brevan Howard’s position highlights its interest in digital assets and blockchain technology investments.
New AUM Value for IBIT
As a result of significant interest from institutional investors, IBIT's assets under management have now reached a record high of over $90 billion. This places IBIT at the 20th position among over 4,400 ETFs in the U.S. Despite the recent decline in BTC prices, the IBIT remains stable, and analysts predict it will soon reach $100 billion in AUM.
The situation surrounding BlackRock's Bitcoin ETF illustrates the increasing interest of large institutional investors in cryptocurrencies, which may lead to further market changes.
