Hedge funds held $4.7 billion worth of spot Bitcoin ETFs at the end of the second quarter

BlockBeats reported that on August 16, according to the 13F reports submitted by hedge funds, hedge funds held a total of $4.7 billion worth of spot Bitcoin ETFs.

In addition to the previously reported Jane Street's first increase in IBIT worth $221 million in Q2, GBTC, which reduced its position by 86%, and European asset management company Capula, which held nearly $500 million in spot Bitcoin ETFs, Ken Griffin's Citadel's holdings of ProShares Bitcoin Strategy ETFs tripled from the first quarter to the second quarter to 860,727 shares, currently worth $19 million. It also holds $67 million in call options and $52 million in put options for the fund. Citadel also holds smaller positions in its remaining BTC ETFs - with a total value of less than $10 million.