Macquarie: Reduces holdings of Bitcoin ETF, bets on stablecoin leader Circle

According to a 13F filing submitted in mid-May by Australian financial services company Macquarie Group Ltd, its IBIT holdings decreased from 5.126 million shares to 4.139 million shares, a reduction of approximately 19.3%, compared to the 13F filings ending December 31, 2025, and March 31, 2026, with the corresponding asset value decreasing from approximately $255 million to $159 million. Its ETHA holdings also decreased from 3.634 million shares to 3.289 million shares, a reduction of approximately 9.5%, with the corresponding asset value decreasing from approximately $81.5 million to $52.1 million. Meanwhile, in the crypto stock market, Macquarie Group reduced its Coinbase position by 19%, but increased its Circle holdings by 188% (worth $2.326 million as of the end of the first quarter), and also added a BitMine position (worth $4.153 million as of the end of the first quarter). In contrast, it did not show aggressive buying in the AI sector, but rather remained cautious overall, with significant reductions in holdings of Nvidia, Palantir, AMD, and other stocks, and only slight increases in holdings of a few semiconductor stocks such as Micron Technology.