According to Wu Blockchain, based on U.S. SEC 13F filings, global macro hedge fund Brevan Howard Capital Management reduced its holdings of BlackRock's spot Bitcoin ETF IBIT from 24.3 million shares to 7.21 million shares in Q2, a decrease of approximately 70.4%. As of June 30, the holdings were valued at around $240 million. At the same time, they held call options corresponding to approximately 7.23 million IBIT shares and put options for 5.27 million shares. Hedge fund Graham Capital Management similarly reduced its IBIT holdings during the same period, from 926,000 shares to 259,000 shares, a decrease of about 72%, with an end-of-period value of approximately $8.62 million. They also held put options corresponding to approximately 1.74 million IBIT shares, with a reported value of about $57.94 million. https://(wublock123.com)/news/news-66707