
Bitcoin’s Q2 selloff split Wall Street as banks bought, hedge funds cut and sovereigns held
Q2 filings show banks expanding Bitcoin ETF positions, macro funds cutting exposure and sovereign holders staying put.
Follow crypto ETF news, approvals, inflows, issuers, and market reactions across spot Bitcoin, Ethereum, and digital asset funds.

Volatility Shares’ proposal needs a special SEC exemption because Cboe’s generic commodity-trust rules explicitly prohibit benchmark multiples.

Small positive offshore funding exposes longs on a drop, while CME leveraged funds’ net short creates an upside squeeze channel.

The state kept all 197,844 BlackRock IBIT shares through the second quarter despite a roughly 34% paper decline.

Its new filing flags unbonding as a potential constraint but reports no failed or delayed redemption.

June 30 snapshots separate unchanged sovereign units, JPMorgan share additions, UBS options and a newly reported Morgan Stanley wrapper.

The June 30 snapshot shows a far less call-heavy mix, with reported put equivalents nearly unchanged.



