15.08.2025 19:21

Brevan Howard, a prominent global macro hedge fund, revealed a substantial $2.3 billion investment in BlackRock's iShares Bitcoin Trust ETF (IBIT) on August 15th, 2025. This significant stake, disclosed in their Q2 2025 Form 13F filing submitted on the deadline, represents a surprisingly large portion of their portfolio, reportedly exceeding 20%. The filing, mandated for institutional investors managing over $100 million, details three separate IBIT entries totaling approximately $2.3 billion. A smaller allocation to the iShares Ethereum Trust ETF (ETHA) was also noted.

The timing of this disclosure is noteworthy, coinciding with a recent Bitcoin price correction. After reaching a new all-time high above $124,500, Bitcoin experienced a sharp drop to around $117,000, resulting in over $1 billion in market liquidations before recovering. Despite this volatility, Brevan Howard's substantial investment in the IBIT, the largest Bitcoin ETF with approximately $88 billion in assets under management, signals strong confidence in the cryptocurrency market.

This substantial allocation, representing approximately 21.84% of Brevan Howard's portfolio according to internet sources, underscores the growing institutional interest in Bitcoin. The hedge fund's sizable bet on BlackRock's IBIT follows reports of increasing institutional inflows into crypto assets, potentially indicating the beginning of an "altseason," a period of heightened activity in alternative cryptocurrencies. The relatively high percentage of Brevan Howard's portfolio dedicated to Bitcoin, as compared to other holdings such as the BlackRock Trust Fund II, further highlights this investment strategy. The magnitude of this investment, coupled with the market correction, has sparked considerable discussion within the cryptocurrency community.