Bitcoin (BTC) ETF Holdings at Edelman Reach $34 Million

Bitcoin News

U.S. investment adviser Edelman Financial Engines has disclosed roughly $34 million in spot Bitcoin (BTC) exchange-traded fund exposure, according to the latest ownership records reviewed by COINOTAG. The position spans regulated products, including BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale-linked funds, placing one of America’s large advisory platforms among the traditional-finance players using ETF wrappers rather than direct self-custody. The disclosure matters because advisers typically move client capital through due-diligence processes, making even a mid-sized position a signal that spot Bitcoin products are being treated as investable portfolio components. The same ownership-data cycle also showed Tudor Investment, the firm led by macro trader Paul Tudor Jones, holding 688,529 IBIT shares at the end of June, worth about $22.9 million. That was up roughly 19% from 579,083 shares in the prior quarter. Taken together, these entries show that Bitcoin’s institutional distribution is no longer limited to crypto-native treasuries; it is extending through advisory, macro and wealth-management channels. For Bitcoin, the relevance is structural: each additional adviser or fund office that accepts the ETF format deepens the asset’s integration with conventional compliance, reporting and custody standards. That path can support more durable allocation patterns than exchange-driven speculation, because mandates, model portfolios and compliance sign-offs tend to change slowly.

JPMorgan Chase’s second-quarter SEC Form 13F provides a larger institutional datapoint. The filing, covering positions as of June 30, showed JPMorgan reporting about 10.4 million shares in BlackRock’s iShares Bitcoin Trust, up from roughly 8.3 million shares in the first quarter. That represents an increase of about 25% in share count and corresponded to an end-of-quarter valuation near $356 million. The bank’s exposure to BlackRock’s Ethereum ETF also expanded sharply, rising from about 267,000 shares to roughly 1.17 million shares, indicating that the institution’s crypto-ETF positioning was not confined to a single asset. The same disclosure included small newly reported positions in XRP-linked products from Grayscale and Bitwise, while several Bitcoin mining-stock positions, tied to ASIC Mining economics, were reduced. That split is important: the filing suggests institutional interest is concentrating in exchange-listed fund exposure, even as some miner equity holdings are trimmed amid sector rotation toward AI and high-performance computing infrastructure. In our reading, the 13F does not prove a single directional bet, because these filings capture only long positions and may reflect client activity, inventory or hedged strategies. Still, the scale of the IBIT increase gives Bitcoin ETF watchers another concrete sign that large bank-affiliated portfolios are engaging with the regulated product layer.

Norway’s Government Pension Fund Global offers a different route into Bitcoin. The world’s largest sovereign wealth fund does not appear to hold BTC directly; instead, its exposure arrives through equity stakes in public companies that hold Bitcoin on their balance sheets. Research tracking those holdings found the fund’s indirect position reached 11,549 BTC by the end of June 2026, a record level and roughly 60% higher than a year earlier. The exposure represented only about 0.03% of the fund’s total assets, but the composition is revealing. Strategy accounted for 9,914 BTC of the indirect total, or about 85.8%, followed by Metaplanet with 671 BTC, Marathon Digital with 421 BTC, Coinbase with 183 BTC and Block with 120 BTC. The time series also shows this was not a straight-line increase: after falling to 286 BTC in 2022, a period that coincided with the crypto bear market, the position rebuilt through 2023 and 2024 and reached a new all-time high in the latest reading. COINOTAG’s view is that this is less an active Bitcoin mandate than a byproduct of broad equity indexing, yet it still demonstrates how corporate treasury adoption translates into institutional ownership downstream. It also expands the set of regulated institutions whose reported equity portfolios carry latent Bitcoin exposure.

The common thread is not a single purchase, but the widening set of regulated channels through which Bitcoin exposure reaches traditional portfolios. COINOTAG’s analysis grounds this in the primary filing framework: SEC Form 13F records show long positions as of June 30, but they do not reveal shorts, derivatives or total economic exposure. That caveat matters when reading Edelman, JPMorgan and Norway-linked data together. Even so, the direction is clear. Advisory platforms, bank reporting structures and sovereign equity portfolios are all creating repeatable access paths for Bitcoin. This does not guarantee marginal buying in every quarter, but it strengthens the asset’s institutional plumbing and makes future allocation shifts easier to execute.