
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.
Track TradFi and crypto news, including banks, brokers, asset managers, and the convergence of legacy finance with digital assets.

Nakamoto reduced its loan by 45 million USDT during the second quarter, but its remaining debt is still heavily secured by pledged BTC.

The rule is not operative, but Greenlane’s disclosed share count implies a steep price hurdle if the stay is lifted.

XRPL activity is back above its May peak, whale deposits to Binance have collapsed and leverage is rebuilding, but spot demand keeps fading.

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

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

Abu Dhabi’s sovereign funds declined to trim their BlackRock Bitcoin ETF holdings during the broader crypto market downturn.



