Bitcoin ETF

Bitcoin

BlackRock

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bracebridge Capital, a hedge fund, has reported owning shares in Ark Invest, BlackRock and Grayscale U.S. spot Bitcoin ETFs.</li>
 <li>The majority of Bracebridge Capital’s portfolio is now made up of U.S. spot Bitcoin ETFs.</li>
</ul>
<p>Bracebridge Capital, a hedge fund managing the endowments of Yale and Princeton Universities, has revealed its ownership of shares in Ark Invest, BlackRock and Grayscale’s U.S. spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded funds (ETFs).</p>
<h2 id="details-on-the-holdings">Details on the Holdings</h2>
<p>In a 13F filing with the Securities and Exchange Commission (SEC) on May 10, the Boston-based firm disclosed its ownership of 4,327,380 shares in Ark Invest’s ARKB, 2,486,750 shares in BlackRock’s IBIT, and 419,910 shares in Grayscale’s GBTC. These shares were valued at $307.2 million, $100.6 million, and $26.5 million, respectively, as of March 31.</p>
<p>13F filings are quarterly reports that institutional investment managers with at least $100 million in equity assets under management must submit to the SEC. These filings offer insights into the manager’s stock holdings at the end of each quarter.</p>
<h2 id="bracebridge-capital-s-dominance">Bracebridge Capital’s Dominance</h2>
<p>According to Bloomberg ETF analyst Eric Balchunas, Bracebridge Capital is now the top owner of both Ark Invest and BlackRock’s spot Bitcoin ETFs, based on the most recent valuations of their reported holdings. Balchunas also pointed out that Bracebridge Capital’s ARKB holdings surpass Ark Invest’s own holdings of its spot Bitcoin ETF through the firm’s Next Generation Internet and Fintech Innovation funds.</p>
<p>Spot Bitcoin ETFs in the U.S. now make up more than 80% of Bracebridge Capital’s portfolio. Ark Invest’s ARKB is the firm’s top holding, accounting for 61.1% of its portfolio, while BlackRock’s IBIT and Grayscale’s GBTC are its second and fourth largest holdings, respectively.</p>
<p>The hedge fund’s portfolio also includes Bitcoin miner Riot Platforms and other stocks such as Trump Media &amp; Technology Group Corp. However, it’s important to note that 13F reports only require the disclosure of long positions in U.S. equities and options on equities, providing only a partial view of an investment manager’s overall portfolio strategy.</p>

Bracebridge Capital Reigns Supreme in ARKB and IBIT Bitcoin ETF Ownership

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