Crypto expert identifies Bracebridge Capital as top holder of ARKB and IBIT spot bitcoin ETFs 🚀

Exploring Bracebridge Capital’s Holdings in ARK Invest, BlackRock, and Grayscale

Bracebridge Capital, a hedge fund managing the endowments of Yale and Princeton University, recently disclosed its ownership of shares in prominent cryptocurrency investment vehicles, including ARK Invest, BlackRock, and Grayscale U.S. spot bitcoin exchange-traded funds. Here’s a breakdown of their holdings:

Bracebridge Capital’s Crypto Holdings

4,327,380 shares in Ark Invest’s ARKB
2,486,750 shares in BlackRock’s IBIT
419,910 shares in Grayscale’s GBTC

Understanding 13F Filings

Bracebridge Capital’s disclosure came through a 13F filing with the Securities and Exchange Commission, offering insights into their stock holdings as of March 31. Here’s what you need to know about 13F filings:

What Are 13F Filings?

Quarterly reports by institutional investment managers
Required for managers with $100 million+ in equity assets
Offer a snapshot of stock holdings at the end of each quarter

Key Takeaways from Bracebridge Capital’s Investments

Bracebridge Capital’s significant presence in the Bitcoin ETF market has garnered attention. Here are some notable points:

Bracebridge Capital is a top owner of Ark Invest and BlackRock’s spot bitcoin ETFs
Their reported holdings surpassed $300 million
Bitcoin’s market volatility impacted their asset valuations

US Spot Bitcoin ETFs Dominate Bracebridge Capital’s Portfolio

Bracebridge Capital’s latest investments suggest a strategic allocation towards US spot bitcoin ETFs. Here’s a glance at their crypto portfolio composition:

Portfolio Composition:

Ark Invest’s ARKB: 61.1% of the portfolio
BlackRock’s IBIT: 20% of the portfolio
Grayscale’s GBTC: 6.6% of the portfolio

Additional Details on Bracebridge Capital’s Holdings

Aside from their crypto investments, Bracebridge Capital also includes traditional stocks like Riot Platforms in their portfolio. It’s essential to note the widespread adoption of US spot bitcoin ETFs and their impact on institutional investment strategies.

Examining the Scope of 13F Reports

While 13F filings provide valuable insights into institutional investors’ stock holdings, they have limitations. Notably, 13F reports only cover long positions in US equities and equity options, excluding short positions from disclosure.