In its latest SEC filing covering the third quarter, Alpha Cubed Investments LLC reported a 207.0% increase in its position in the iShares Bitcoin Trust ETF. The firm added 16,167 shares to its portfolio, bringing its total holding to 23,978 shares. At the end of the quarter, this stake was valued at approximately 1.56 million dollars, reflecting the institutional investor’s conviction in the ETF’s potential to track the spot price of Bitcoin over the long term.

Several other hedge funds and asset managers also revised their IBIT allocations during the second quarter. Capula Management Ltd lifted its shares by 22.5%, ending the period with 9.48 million shares valued at roughly 580.3 million dollars. Sculptor Capital LP increased its holding by 59.5%, reaching 4.49 million shares worth about 274.7 million dollars. JPMorgan Chase & Co. executed the largest relative move, expanding its IBIT stake by 1,119.9% to 3.22 million shares (196.9 million dollars), while Mint Tower Capital Management B.V. grew its position by 1,131.5% to 2.85 million shares (174.4 million dollars). Harvard Management Co. Inc. initiated a new position valued at 116.7 million dollars.

iShares Bitcoin Trust ETF, launched on January 5, 2024, is managed by BlackRock and designed to passively replicate the spot price performance of Bitcoin. The fund holds exclusively physical Bitcoin and does not engage in futures contracts or derivatives. Since inception, IBIT has attracted significant institutional interest, as evidenced by the sizable inflows reported across multiple quarterly filings. Its structure provides investors direct exposure to Bitcoin through a regulated ETF wrapper, aiming to combine the digital asset’s price dynamics with traditional portfolio access.