
- Brevan Howard’s $2.3B investment in BlackRock’s Bitcoin ETF.
- Largest institutional holder with significant market impact.
- Reflects rising institutional adoption of Bitcoin.
Brevan Howard, a hedge fund giant, disclosed a $2.3 billion stake in BlackRock’s iShares Bitcoin Trust ETF as of June 30, 2025, via SEC filings.

This strategic move signifies rising institutional adoption of Bitcoin, highlighting increased confidence in regulated ETF structures and potential market influence.
Hedge fund leader Brevan Howard has disclosed buying $2.3 billion of BlackRock’s iShares Bitcoin Trust. This move marks Brevan Howard as the largest institutional shareholder according to a formal SEC 13F filing dated June 2025.
Brevan Howard, through its dedicated crypto arm BH Digital, manages investments in blockchain and crypto assets. The company’s SEC filing shows a 71% increase in iShares Bitcoin Trust holdings from Q1 to Q2 of 2025.
Investment and Market Outlook
The $2.3 billion investment illustrates Brevan Howard’s confidence in Bitcoin’s market potential. Their increased stake accounts for significant ETF growth, positioning the firm as a leading institutional player in the crypto market. This significant stake in BlackRock’s Bitcoin ETF represents our strong convictions in the potential of Bitcoin as a mainstream asset.
This large allocation by Brevan Howard emphasizes the firm’s commitment to digital assets through regulated ETFs, potentially boosting mainstream Bitcoin acceptance. Bitcoin’s price might experience positive shifts similar to past institutional entries.
Historical Trends and Market Sentiment
Historical trends indicate that major institutional investments can lead to increased Bitcoin adoption. In previous cases, substantial entries into spot BTC ETFs have aligned with positive price momentum, though a direct cause-effect relationship is complex.
The SEC 13F filing remains the primary source for Brevan Howard’s holding details. No official statements from company leadership or major influencers have been observed, but the market sentiment towards institutional buy-in remains broadly positive.