TechFlow news, November 19 — According to The Block, recently filed Form 13F documents with the U.S. SEC revealed how hedge funds and major banks adjusted their positions in key Bitcoin ETFs during the third quarter.
Data from Fintel (as of September 30) shows nearly 700 institutional owners and shareholders collectively held 160.2 million shares of BlackRock's IBIT. The ETF manages $42 billion in assets. Millennium Management remains IBIT’s largest holder, increasing its stake by 12.6 million shares this quarter to a total of 23.5 million shares, valued at $848 million.
Goldman Sachs added 5.77 million shares of IBIT, bringing its total holdings to 12.7 million shares worth $710 million, solidifying its position as the second-largest IBIT holder.
Morgan Stanley reduced its position by selling 449,802 shares of IBIT, lowering the value of its Bitcoin ETF portfolio to $183.39 million.
In contrast, JPMorgan increased its IBIT holdings by only 387 shares ($13,982) and 213 shares of FBTC ($11,877), with total holdings approaching approximately $65,000.
