As of Q3, nearly 700 institutional owners and shareholders held a total of 160.2 million shares of BlackRock IBIT

According to the latest 13F filing submitted to the US SEC, hedge funds and major banks adjusted their positions in the leading Bitcoin ETFs in the third quarter, highlighting a shift in strategy and the growing adoption of crypto-backed assets. According to Fintel data (as of September 30), nearly 700 institutional owners and shareholders collectively held 160.2 million shares of the BlackRock IBIT. The ETF has $42 billion in assets under management. Millennium Management remains the largest holder of IBIT, increasing its position by 12.6 million shares to a total of 23.5 million shares worth $848 million this quarter. The hedge fund also holds 11.6 million shares of the Fidelity FBTC, worth $644 million. Capula, one of Europe's leading hedge funds, also increased its holdings, buying 1.1 million shares of IBIT ($308 million) and FBTC ($288 million). Meanwhile, some investors reduced or exited their positions. Point72 under Steve Cohen exited its IBIT and FBTC positions, while Jane Street sold 6.4 million shares of IBIT. However, Jane Street still holds large positions in other Bitcoin ETFs, including 4.4 million shares ($283 million) of the ARK 21Shares Bitcoin ETF (ARKB), 6.9 million shares ($133 million) of the ProShares Bitcoin ETF (BITO), and 2.5 million shares ($142 million) of FBTC. Tudor Investment Corporation, led by Paul Tudor Jones, holds over 4.4 million shares of IBIT, currently worth $230 million. Goldman Sachs increased its holdings by 5.77 million shares of IBIT, bringing its total position to 12.7 million shares worth $710 million, solidifying its position as the second-largest IBIT holder. Morgan Stanley reduced its holdings, selling 449,802 shares of IBIT, reducing the value of its Bitcoin ETF portfolio from $203 million last quarter to $183.39 million. In contrast, JPMorgan Chase only increased its holdings by 387 shares of IBIT ($13,982) and 213 shares of FBTC ($11,877), with a total position of nearly $65,000. (The Block)