Shocking Secrets of Hedge Funds: Why They’re Obsessed with Bitcoin ETFs! 💰😱

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So, here’s the tea: after this week’s wild ride in the bitcoin ETF world, Blackrock’s IBIT is sitting pretty with a whopping 655,570.77 BTC, while Fidelity’s FBTC is not too shabby at 200,712.72 BTC. Meanwhile, the financial bigwigs are piling on the pressure—let’s break down which hedge funds are hoarding these digital treasures like they’re the last cookies in the jar! 🍪

Hedge Funds Have Muscled Into Bitcoin ETFs

//branch.wallet.bitcoin.com/news-contextual-btc”>BTC—that’s just over $70 billion, darling! FBTC is trailing behind but still rocking 200,712.72

BTC

, worth a cool $21.43 billion. Together, they’re controlling a jaw-dropping $91.43 billion in bitcoin. Talk about a power couple! 💑

Now, let’s spill the beans on the hedge funds that are getting cozy with IBIT and FBTC. We dove deep into the top five holders of each fund to see who’s really running the show. Some are loyal to one fund, while others are playing the field, snatching up bitcoin-related ETFs like GBTC, HODL, and BITB. Because why not? 🤷‍♀️

Fidelity’s FBTC

//branch.wallet.bitcoin.com/news-contextual-btc”>BTC ETFs. Millennium is sitting on about 6,955,712 shares, but they’re not playing with options. Boring! 😴

In third place, we have Capula Management Ltd, with 4,299,112 FBTC shares. They’re just chilling, holding their position like a cat on a sunny windowsill. Following them is Schonfeld Strategic Advisors LLC (or SSA for the cool kids), holding 4,187,281 shares. They’ve trimmed their stake since September 2024, when they were flexing with 5,530,865 shares. And rounding out the top five is Sculptor Capital LP, which has upped its FBTC holdings from 801,950 shares at the end of 2024 to 2,188,727 shares today. Go big or go home, right? 🏠

Blackrock’s IBIT

The top dog for Blackrock’s Ishares Bitcoin Trust is Brevan Howard Capital Management LP, holding 21,567,122 IBIT shares in 2025. That’s a drop from 25,567,302 in late 2024—oops! Coming in second is Goldman Sachs Group, with a total of 30,831,854 shares. Of those, 23,378,954 are held directly, 1,445,200 are call options, and 6,007,700 are puts. Millennium is in third with 18,100,456 shares, including 17,587,156 owned outright. They’re not messing around! 💪

Millennium also has options on 246,500 shares and puts on 266,800 more. Right behind them is Susquehanna International Group LLP, with 29,868,970 shares split among 12,403,900 calls, 6,816,100 puts, and 10,648,970 direct shares. And the fifth-largest holder? Brooklands Fund Management Ltd, with a modest 15,300 shares. They’re like the quiet kid in class—always there, but not making a fuss. 🤫

Institutional Bitcoin Packaging

The growing presence of heavyweight hedge funds in these bitcoin ETFs is like watching a rom-com where traditional finance and digital assets fall in love. Their calculated exposure hints at a broader strategic interest, not just in bitcoin itself, but in its fancy institutional packaging. As capital continues to coalesce around these vehicles, the line separating legacy finance and crypto innovation is getting thinner by the quarter. Who knew finance could be so romantic? 💖

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2025-05-25 23:59