Two major hedge funds, Brevan Howard and Graham Capital, significantly reduced their IBIT holdings in the second quarter
Source：
www.sec.gov
According to SEC filings, hedge fund Brevan Howard Capital Management reduced its holdings of BlackRock's Bitcoin spot ETF IBIT from 24.3 million shares to 7.21 million shares in the second quarter, a decrease of approximately 70.4%, with an ending value of approximately $240 million; hedge fund Graham Capital Management reduced its IBIT holdings from 926,000 shares to 259,000 shares during the same period, a decrease of approximately 72%, with an ending value of approximately $8.62 million.
