Data: Hedge Funds Hold $4.7 Billion Worth of Bitcoin Spot ETFs at End of Q2

Hedge funds hold a total of $4.7 billion worth of bitcoin spot ETFs, according to 13F reports filed by various hedge funds, The Block reports:

1. Jane Street added $221 million worth of IBIT to its holdings for the first time in Q2, and reduced its position in GBTC by 86%;

2. European manager Capula holds nearly $500 million in bitcoin spot ETFs;

3. Ken Griffin's Citadel tripled its stake in the ProShares Bitcoin Strategy ETF from the first quarter to the second quarter to 860,727 shares, now worth $19 million, and also holds $67 million in calls and $52 million in puts on the fund. Citadel also holds a smaller position in the remainder of its BTC Citadel also holds a smaller position in its remaining BTC ETF, valued at less than $10 million.