Two hedge funds cut Q2 Bitcoin ETF holdings by more than 70%

Brevan Howard cut its holdings of BlackRock’s spot Bitcoin ETF IBIT by about 70.4% in the second quarter, reducing its position to 7.21 million shares from 24.3 million, Foresight News reported, citing an SEC 13F filing. Graham Capital also reduced its IBIT holdings by about 72% over the same period, to 259,000 shares from 926,000.