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Macquarie Cuts Crypto ETF Holdings, Builds New BitMine Stake

Macquarie Cuts Crypto ETF Holdings, Builds New BitMine Stake

  • Macquarie said the value of its spot Bitcoin ETF IBIT holdings fell after it cut the position by about 19.3%% in the first quarter.
  • Macquarie also reduced its holdings of BlackRock’s spot Ether ETF ETHA by about 9.5%%, lowering the value of the position.
  • Macquarie also bought BitMine shares, building a new position worth about $41.53 million in the world’s largest Ethereum treasury company.

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Photo: Shutterstock
Photo: Shutterstock

Macquarie Group reduced its holdings of spot cryptocurrency exchange-traded funds, including Bitcoin, in the first quarter.

Odaily reported on May 21 that Macquarie disclosed in a recent filing with the US Securities and Exchange Commission that it held…

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