Verition Fund acquires 19% more shares in Bitcoin ETF, totaling $110M

Verition Fund Management, a Connecticut-based hedge fund overseeing roughly $15 billion in assets, has reportedly increased its Bitcoin ETF holdings by 19%. The move brings the firm’s total position to 3.07 million shares valued at approximately $110M. The numbers and the nuance The most recent publicly available 13F filings, covering Q1 2026 and submitted in May, showed Verition holding roughly 238,911 shares of BlackRock’s iShares Bitcoin Trust (IBIT) worth about $9.2M. That Q1 figure actually represented an 87% reduction from the prior quarter. The gap between the Q1 filing and the reported 3.07 million shares is significant. It suggests one of two possibilities: either Verition dramatically reversed course after Q1 and loaded up on Bitcoin ETF shares in Q2, or the position involves a different Bitcoin ETF product entirely, not IBIT. Institutional sentiment is anything but uniform The first quarter of 2026 saw a general decline in professional Bitcoin ETF holdings when measured in equivalent Bitcoin terms. Millennium Management, one of the most closely watched names in the hedge fund world, notably cut its IBIT stake during the same period. Why Bitcoin ETFs remain the institutio...