Bracebridge Capital, a hedge fund that manages the finances of institutions like Yale University and Princeton University, has emerged as the largest holder of various spot Bitcoin exchange-traded funds (ETFs), according to a recent 13F filing with the Securities and Exchange Commission.
The Boston-based firm disclosed its ownership of shares in Ark Invest, BlackRock, and Grayscale U.S. spot Bitcoin ETFs.
Hedge Fund’s $434 Million Crypto Holdings
The breakdown of Bracebridge Capital’s holdings reveals a large stake in Ark Invest’s ARKB, with 4,327,380 shares, alongside 2,486,750 in BlackRock’s IBIT and 419,910 in Grayscale’s GBTC.
These holdings were reported to be valued at $307.2 million, $100.6 million, and $26.5 million, respectively. As of March 31, Bracebridge Capital’s holdings in these ETFs were valued at a total of $434 million.
The new high water mark (ex APs/market makers) for bitcoin ETF holdings has arrived. Boston-based Bracebridge Capital has reported owning
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