Brevan Howard has become the largest institutional shareholder of BlackRock’s iShares Bitcoin Trust (go) By increasing holdings by 71% between the first and second quarters of 2025.
According to Submit Due to the latest 13F form of the U.S. Securities and Exchange Commission (SEC), the hedge fund currently holds approximately 37.5 million shares at around $2.3 billion as of June 30, up from 21.9 million shares in the first quarter.
Additionally, Brevan Howard has $25 million exposure to Bitcoin. The holdings caused by the London-based company’s dollars have grown from both a rise in stocks over the period and a rise in Bitcoin (BTC) prices.
Bitcoin has skyrocketed from $82,511.47 to $107,168.23 in June from its closing in March. This price movement amplified the value of Brevan Howard’s expanded position.
Brevan Howard previously ranked Goldman Sachs as of March, the second-largest IBIT investor with more than $1.4 billion in IBIT stake.
Second quarter accumulation claimed by winning Brevan Howard past Goldman Sachs Highest rank among institutional holders.
The hedge fund has also added exposure to BlackRock’s iShares Ethereum Trust (Eta) During the last quarter.
Crypto dive
Brevan Howard established BH Digital in September 2021 to provide digital asset exposure across investments and business operations in the public and private markets.
The dedicated Crypto Division offers strong performance, with BH Digital returning 34.5% in the first quarter of 2024, managing around $1.7 billion in assets.
Brevan Howard raises over $1 billion from its flagship Crypto vehicles, representing the launch of the largest Crypto hedge fund to date.
The company’s dual approach combines direct crypto investments through BH Digital with traditional portfolio Exchange-Traded Funds (ETFS) holdings.
According to the BOLD report, IBIT has attracted considerable institutional interest since its launch in January 2024, and has managed more than $91 billion in assets. data.
Furthermore, data from far side investors revealed that IBIT has accumulated an aggressive net flow of $58.5 billion since its launch, expanding its second-largest spot Bitcoin ETF by almost five times.
Brevan Howard’s Bitcoin ETF accumulation reflects the broader institutional adoption of crypto through regulated investment products.
The company’s substantial IBIT position demonstrates how traditional asset managers incorporate digital assets into their institutional portfolios while maintaining operational efficiency through their ETF structures.