As interest in spot Bitcoin ETFs, which were approved by the SEC in January, increased day by day, many investors invested in ETFs.
At this point, while many corporate companies have announced their spot Bitcoin ETF exposure in recent days, Bracebridge Capital, a US-based hedge fund, also announced its ETF exposure.
Bracebridge Capital, which manages $12 billion in assets, was revealed to be the largest buyer of Ark Invest and BlackRock spot Bitcoin ETFs.
In its notification within the scope of Bracebridge Capital 13F application, Ark Invest ARKB ETF worth $ 262 million; He reported owning the $81 million BlackRock IBIT ETF and the $20 million Grayscale GBT ETF.
Sharing on the subject, Bloomberg ETF analyst Eric Balchunas stated that Bracebridge Capital is now the largest owner of both Ark Invest and BlackRock's spot Bitcoin ETFs and said, “Boston-based Bracebridge Capital reported that it owns ARKB worth $ 262 million. The same “They also own $20 million worth of GBTC, basically going crazy,” he said.
Moreover, while Bitcoin ETFs constitute the majority of the company's assets, this shows its confidence in Bitcoin.
*This is not investment advice.