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

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