Bracebridge Capital, a hedge fund that manages the endowments of Yale University and Princeton University, has reported owning shares in Ark Invest, BlackRock and Grayscale U.S. spot bitcoin exchange-traded funds.
13F filings are quarterly reports filed with the SEC by institutional investment managers with at least $100 million in equity assets under management. The filings provide a view of the manager's stock holdings at the end of each quarter. Bloomberg ETF analyst Eric Balchunas noted that Bracebridge Capital was now the top owner of both Ark Invest and BlackRock’s spot bitcoin ETFs at their reported holdings’ more recent valuation. “The new high water mark for bitcoin ETF holdings has arrived. Boston-based Bracebridge Capital has reported owning $262 million of ARKB. It's also the biggest owner of IBIT too with $81 million in that ETF. They also own $20m of GBTC. They went wild basically,” Balchunas posted to X on Monday.
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