Brevan Howard Leads $2.32B Stake in BlackRock Bitcoin ETF

Brevan Howard Asset Management has revealed a $2.32 billion investment in BlackRock’s iShares Bitcoin Trust Spot ETF, becoming the largest institutional holder as of June 2025.

This substantial allocation highlights growing institutional interest in Bitcoin products, potentially influencing market dynamics and enhancing investor confidence in the digital asset space.

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Brevan Howard Asset Management, a renowned macro hedge fund, has disclosed holding over $2.32 billion in BlackRock’s iShares Bitcoin Trust ETF. These regulatory filings reveal an increase from 21.9 million shares to about 37.5 million. The acquisition, confirmed through SEC 13F filings, marks Brevan Howard as the largest institutional stakeholder in this ETF. Aron Landy, Brevan Howard’s CEO, emphasizes allocating to regulated digital asset products for portfolio diversification.

“We continue to allocate to regulated digital asset products as part of our strategy to deliver diversified, risk-adjusted returns for our clients.” – Alan Howard, Founder, Brevan Howard.

This significant stake is impacting Bitcoin (BTC), notably driving market confidence, as institutional entities like Brevan Howard boost ETF investments. The increased ETF shares correspond with Bitcoin’s price surge from approximately $82,500 in March to over $107,000 by June 2025, showcasing a correlation between institutional actions and market shifts.

Financial observers note Brevan Howard’s growing asset allocation underlines institutional confidence in Bitcoin ETFs. With more than 20% of the fund’s flagship portfolio now in IBIT, analysts suggest a support trend in BTC prices. Their move follows previous precedents like Goldman Sachs and aligns with historical trends where substantial institutional entries stimulated price and trading volume increases in the crypto market. The ongoing institutional inflows into Bitcoin ETFs continue to be a focal point for market watchers.