Wall Street Institutions Ramp up Bitcoin Exposure Through ETFs and Crypto Stocks
Wall Street’s embrace of Bitcoin deepened in Q2 2025 as major institutions boosted their indirect exposure through spot exchange-traded funds (ETFs) and crypto-linked U.S. stocks, Securities and Exchange Commission (SEC) filings show.
Macro hedge fund Brevan Howard nearly doubled its stake in BlackRock’s iShares Bitcoin Trust (IBIT) to 37.9 million shares, valued at more than $2.6 billion. This move places the firm among the largest institutional holders alongside Goldman Sachs, which lifted its combined IBIT and Fidelity Wise Origin Bitcoin Trust (FBTC) positions to $3.3 billion. Goldman also disclosed a $489 million position in the iShares Ethereum Trust (ETHA).
