Brevan Howard became the largest institutional shareholder of BlackRock’s iShares Bitcoin Trust (IBIT) by increasing its holdings by 71% between the first and second quarters of 2025.

According to a filing with the US Securities and Exchange Commission (SEC) of its latest 13F form, the hedge fund now holds approximately 37.5 million IBIT shares valued at roughly $2.3 billion as of June 30, up from 21.9 million shares in the first quarter.

Additionally, Brevan Howard has a $25 million exposure to Bitcoin put calls through 400,000 shares of IBIT. The London-based firm’s dollar-denominated holdings grew from both the share increase and Bitcoin’s (BTC) price appreciation during the period. 

Bitcoin surged from its March closing of $82,511.47 to a June closing of $107,168.23. This price movement amplified the value of Brevan Howard’s expanded position. 

Brevan Howard previously ranked as the second-largest IBIT investor, trailing Goldman Sachs, which held over $1.4 billion worth of IBIT shares as of March. 

The accumulation in the second quarter vaulted Brevan Howard past Goldman Sachs to claim the top position among institutional holders.

The hedge fund also added exposure to BlackRock’s iShares Ethereum Trust (ETHA) during the last quarter.

Crypto dive

Brevan Howard formed BH Digital in September 2021 to provide digital asset exposure across investing and business operations in public and private markets. 

The dedicated crypto division has delivered strong performance, with BH Digital returning 34.5% in the first quarter of 2024 while managing around $1.7 billion in assets.

Brevan Howard raised more than $1 billion for its flagship crypto vehicle, representing the largest crypto hedge fund launch ever. 

The firm’s dual approach combines direct crypto investments through BH Digital with exchange-traded funds (ETFs) holdings in traditional portfolios.

IBIT has attracted substantial institutional interest since launching in January 2024, with over $91 billion in assets under management, according to Bold Report data.

Furthermore, Farside Investors’ data revealed that IBIT accumulated $58.5 billion in positive net flows since launch, dwarfing the second-largest spot Bitcoin ETF by nearly five times.

Brevan Howard’s Bitcoin ETF accumulation reflects broader institutional adoption of crypto through regulated investment products. 

The firm’s substantial IBIT position demonstrates how traditional asset managers are incorporating digital assets into institutional portfolios while maintaining operational efficiency through ETF structures.

Mentioned in this article

Harvard Management Company, which oversees the university’s $50 billion endowment, disclosed a $116 million position in BlackRock’s iShares Bitcoin Trust (IBIT) in its latest quarterly filing with the U.S. Securities and Exchange Commission (SEC).

The stake, reported in a Form 13-F on Friday covering holdings as of June 30, 2025, represents one of the largest known bitcoin allocations by a U.S. university endowment. IBIT, launched in January of last year, is a spot bitcoin exchange-traded fund that allows investors to gain exposure to the cryptocurrency without directly holding it.

The position places the university among a growing cohort of institutional investors — from hedge funds to pension systems — adding regulated bitcoin products to their portfolios.

The disclosure comes as total assets across U.S. spot bitcoin ETFs have climbed into the tens of billions of dollars, driven by both retail inflows and large-scale institutional allocations. For endowments, the ETF structure offers daily liquidity and SEC oversight, which can help meet governance and compliance requirements for alternative investments.

Harvard didn’t provide further comment on the filing.

Read more: U.S. Endowments Are Leaning Into Crypto: FT

Robinhood and Kraken underscore that the crypto-fintech industry is thriving despite weathering market cross-currents.

Robinhood has reported total revenue of $989 million, a staggering 45% year-on-year rise and a 7% sequential rise from Q1. On 30 July 2025, Robinhood released “strong business results in Q2 driven by relentless product velocity.” 

The company recently launched tokenization. Robinhood CFO Jason Warnick said, “Q2 was another great quarter as we drove market share gains, closed (the $200) million acquisition of Bitstamp and remained disciplined on expenses.”

Crypto revenues almost doubled, reching $160 million – a 98% rise YoY.

And Q3 is off to a great start in July, as customers accelerated their net deposits to around $6 billion and leaned in with strong trading across categories,” Warnick added. 

The company reported 42 cents, doubling last year’s figure and beating Wall Street’s expectations of 31 cents.

Robinhood, $HOOD, Q2-25. Results:

Adj. EPS: $0.42
Revenue: $989M
Net Income: $386M
Strong quarter driven by crypto and options trading surge, record 3.5M Gold subscribers, and Bitstamp acquisition. pic.twitter.com/NV048RLOA6

— EarningsTime (@Earnings_Time) July 30, 2025

Explore: Top Solana Meme Coins to Buy in August 2025

Kraken To Raise $500M Ahead Of IPO

#Kraken is making waves in the crypto world!

They’re raising $500M, valuing the company at $15B, and setting their sights on a potential IPO in early 2026.https://t.co/HLy8q8SwwL pic.twitter.com/V39Obuq6dg

— CCN (@CCNDotComNews) July 30, 2025

Kraken is planning to raise $500 million at $15 billion valuation ahead of potential 2026 initial public offering (IPO).

Moreover, Kraken reported $411.6 million – an 18% YoY increase. The company’s adjusted EBITDA, however, is down 7% YoY to $79.7 million. The company said, “in Q2, our pace accelerated — new products launched, global access expanded and infrastructure scaled.”

The company’s platform assets surged 47% YoY to a new high if $43.2 billion. Kraken’s funded accounts increased 37%, reaching 4.4 million active users.

​Explore: 10+ Crypto Tokens That Can Hit 1000x in 2025​

Robinhood Reports 45% YoY Jump In Revenue, Kraken Sees 18% Climb

Tether has minted over $20 billion worth of USDT since the start of 2025, pushing the stablecoin’s total circulation beyond $157 billion, according to its quarterly attestation report released on July 31.

The company noted that over $13.4 billion in USDT was issued during the second quarter alone, reflecting strong demand for the dollar-pegged token across global markets.

Tether emphasized that its reserve assets fully back all tokens in circulation.

As of the end of Q2 2025, the company’s exposure to US Treasuries stood at more than $127 billion. This includes $105.5 billion in direct Treasury holdings and $21.3 billion held indirectly, an $8 billion increase from the previous quarter.

With this level of exposure, Tether remains among the largest non-sovereign holders of US government debt.

Speaking on these milestones, Tether CEO Paolo Ardoino said:

“Q2 2025 affirms what markets have been telling us all year: trust in Tether is accelerating. With over $127 billion in U.S. Treasury exposure, robust bitcoin and gold reserves, and over $20 billion in new USDT issued, we’re not just keeping pace with global demand, we’re shaping it.”

Tether’s profits and US investments

Tether reported a net profit of approximately $4.9 billion for Q2 2025, bringing its year-to-date total to $5.7 billion.

Of this, $3.1 billion came from recurring operational income, while $2.6 billion was generated from mark-to-market gains on its gold and Bitcoin holdings.

Meanwhile, Tether stated that its shareholder capital remains steady at $5.47 billion. This equity cushions against unexpected market shocks and highlights Tether’s commitment to financial resilience.

As a result, the stablecoin firm has begun directing a significant portion of its profits toward long-term initiatives.

Over the past six months, the company has invested heavily in infrastructure projects, with the US emerging as a key market.

According to the firm, roughly $4 billion has already been deployed domestically into ventures like XXI Capital and Rumble, including developing the Rumble Wallet.

Legal troubles

Despite its financial strength, the company faces two unresolved legal cases in New York.

The firm stated that one of the cases is a class-action suit related to the 2017–2018 Bitcoin market downturn. The other involves proceedings tied to the bankruptcy of crypto lender Celsius.

In both cases, Tether International is named as a defendant, but the firm’s management says potential outcomes cannot yet be reliably assessed.

As such, no provisions have been made in its financials for these litigations.

Mentioned in this article

Author

Tim Alper

Author

Tim Alper

About Author

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked…

Share

Last updated: 

July 24, 2025

A senior Moscow lawmaker says the number of Russian crypto mining firms signed up to the Federal Tax Service’s register has risen tenfold in the past six months.

The Russian media outlet RBC reported that MPs claim that more than 1,000 firms are now “legally” mining coins.

And this has led one political leader to claim that crypto is the “future” for many Russian businesses.

Rise in Russian Crypto Mining Firms

The head of the New People People Party, the lawmaker Alexey Nechaev, told attendees at a State Duma plenary session on July 23:

“When crypto mining was emerging [in Russia], there were many who wanted to ban it. But it is clear now that the future belongs to cryptoassets. Mining will continue to develop.”

He also confirmed that per FTS data, the number of “white” miners in Russia has increased 10 times since the start of the year.

A new Russian law, introduced last year, stipulates that all crypto miners using more than 6,000 kWh of electricity per month must sign up to the register.

Regulation Trumps Bans, MP Claims

The FTS requires firms on its list to provide it with data on the number of coins they mine and the wallets where they hold their crypto.

The tax body will also begin requiring firms on the list to pay taxes on their earnings. This could bring the Russian Treasury revenues of over $500 million per year, industry chiefs have claimed.

Nechayev praised his fellow lawmakers for adopting the mining law in the fall of 2024. He said that MPs had acted with prudence by choosing to regulate, and not outlaw, mining. The lawmaker explained:

“Driving people into the shadows with fines and bans is not an effective strategy.”

Nechayev added that prior to the rollout of the new law, miners were forced to work in a grey, quasi-legal manner.

Some miners, he noted, had tried to be transparent about their activities, but could not pay taxes as most of their businesses were not officially recognized.

Nechayev said that this had previously led to “entire cities and districts” being left without electricity because miners overloaded power grids.

Miners: Investing in AI

Prior to the law, only 91 firms with crypto mining operations were able to register their businesses. This figure has now shot up to over 1,000, Nechayev said.

The New People chief added that industrial miners are also investing in AI. He claimed that this year alone, crypto miners had spent 5 billion rubles ($63 million) on AI development.

Nechaev claimed miners were now more likely to invest their money in Russia, rather than send it abroad.

Furthermore, he concluded, many mining-related power outages have stopped.

World’s Number 2 Bitcoin Miner?

The Association of Industrial Miners, the doemstic mining sector’s biggest industry group, claims Russia is now consistently ranking second in the world in terms of Bitcoin (BTC) mining volume.

Outputs are second only to those of the USA, the association says. And mining continues to develop, the body noted.

This summer, Russian crypto mining firms say their hashrate exceeded 150 EH/s (exahash per second), accounting for 16.6% of the global hashrate.

Domestic experts think up to BTC 40,000 (about $4.7 billion) was mined in Russia during the course of 2024.

Earlier this month, a top Russian policymaker urged the state to start seizing crypto from illegal crypto miners.

He said that a move to officially recongizing coins as a form of intangible property would help courts seize assets from illegal miners.

A top executive at the retail-focused trading app giant Robinhood is updating her targets for the S&P 500 this year.

In a new interview on CNBC’s Squawk Box, Robinhood CIO Stephanie Guild says that she believes the S&P 500 may close the year at around 6,200, though a move to 6,500 is on the table.

“I started [the year] at 6,500. When tariffs hit, I said GDP could come down and that could impact earnings. Usually, a 1% hit on GDP is about a 4% hit on earnings. We’ve seen earnings expectations come down. I said there was risk to 5,800, but I never went there. And now I think there’s risk to 6,500 – obviously we’re over my target. But with the pumping up of potential tariffs now I’m just sort of waiting to see what happens…

This is all driven by tariffs, but is driven by our president, who also cares about the economy and wants the economy to grow…

If [the Fed] cut, then you definitely get 6,500…because then it just like reaffirms what the market has been hoping for.”

Guild also says that ahead of next week’s bank earnings, she believes regional banks will outperform the big banks in the coming months.

“I’m more bullish on the regionals than the large [banks]…I think they’ll just benefit more from deregulation.

And if we do get some rate cuts this year, which I think we should, but obviously there are reasons why they haven’t been cut yet, then I think you do get a steeper [yield] curve and then that does help [regional banks] as well.”

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

G2 has just released its highly anticipated summer 2025 reports, and we have struck gold once again. 101 Blockchains earned 34 badges in the latest G2 report, making us a force to reckon with in blockchain and Web3 training. We have been one of the top performers in all G2 reports, with consistent results every year.

This achievement proves our continuous commitment to offering a reliable online platform for technical skill development. In the G2 Summer reports for 2025, we will share some of the interesting highlights of our achievements.

Check Now: 101 Blockchains Reviews at G2

Big Points for 101 Blockchains in G2 Summer 2025 Reports 

We started with the vision of becoming one of the pioneer platforms for independent blockchain education and research. In the initial stages, 101 Blockchains began with a handful of training courses and accredited certifications, primarily related to blockchain technology. Over the course of time, we expanded our library and now we have more than 60 professional courses and certification programs for different domains. For example, 101 Blockchains now offers professional certification programs for AI and fintech. 

Our performance in the latest G2 reports feels like a reward for the efforts we have put in building 101 Blockchains. The G2 Summer 2025 Reports have strengthened our mission to offer more than just blockchain-focused training courses. We have created new courses on diverse topics, including DeFi, tokenization, NFTs, metaverse, AI, and web3. On top of it, our masterclasses and certifications have helped thousands of professionals achieve their career goals.

101 Blockchains is also a prominent contender for the best badges in G2 reports due to the availability of additional learning resources. We not only offer courses and accredited certification programs but also free courses, flashcards, presentations, and on-demand webinars. You can use these learning resources to strengthen your learning experience and derive more useful outcomes for your career. 

Learners can also choose our special learning plans to obtain unlimited access to our courses and certifications, alongside joining a community of blockchain enthusiasts and experts. We help you learn the theory behind the technology as well as acquire the practical skills and knowledge required to become the top candidate for high-paying jobs. Furthermore, our dedicated Job Portal guides you to the right jobs according to your career goals and skills. 

G2 considered all these aspects while preparing their latest summer 2025 reports, thereby giving us a competitive edge. We believe that the recently announced G2 report has recognized us for our efforts to provide a well-rounded training platform with different badges. Our results in the two distinct categories of the report, the Online Course Providers category and the Technical Skills Development category, focus on our core competencies. The most striking achievement for us in all the G2 reports published till now is the “Users Love Us” badge.

The new G2 reports for summer have shown that we continue to be one of the favorites of learners who want to explore the domain of blockchain and Web3. We have earned 27 “High Performer” badges in the two prominent categories of the G2 reports. In addition, we have earned some new badges that have elevated our reputation as a leading platform for professionals looking to build a career in emerging technologies. 

Check 101 Blockchains’ Performance in:

Our Accomplishments in the G2 Summer 2025 Report

The list of our achievements in the summer 2025 report by G2 is not limited to the “High Performer” badges. We make it a point to recognize the love and trust of our learners through a comprehensive assessment of our performance in the G2 reports. The latest G2 reports once again acknowledged our excellence as a professional online platform for technical skill development. 

Each badge we have earned in the G2 Summer 2025 reports is proof of our capabilities and efforts. We have always strived to serve our customers with the best learning resources. For instance, the 27 “High Performer” badges indicate that our learning resources have helped our customers acquire relevant technical skills. We have earned the “High Performer” badge for serving businesses of different sizes in different markets around the world.

We have also earned some other badges in the recent G2 reports. The credentials offer tangible proof of our excellence as a blockchain and Web3 training platform. The “Easiest to Use” badge showcases that our courses and certification programs offer a seamless user experience. We believe that every learner must enjoy an uninterrupted learning experience to boost their chances of finding the best jobs. 

We have also earned the “Easiest Admin” badge, which indicates the ease of managing team training initiatives. The badge also showcases that learners can manage their learning journey completely from one admin dashboard. The “Easiest Setup” and “Fastest Implementation” badges shed light on our capabilities to offer the best user experience. With our courses and certifications, you can start learning and acquiring skills right away.

Our performance in the latest G2 Report also draws attention to the “Users Most Likely to Recommend” badge. It is a noteworthy badge as it proves that our users will recommend 101 Blockchains to other aspiring learners. The badge offers a clear impression of our performance in delivering exactly what users need. Most importantly, we have accomplished a new badge in the summer 2025 reports of G2. The “Best Estimated ROI” badge shows that we have helped our customers achieve better returns on their investment in professional training and certification.

Build your identity as a certified web3 & blockchain expert with 101 Blockchains’ Web3 & Blockchain Certifications designed to provide enhanced career prospects.

Users Love Us 

The biggest achievement for us in all the G2 reports is the “Users Love Us” badge. It is a unique credential that shows how much our users trust us.

One of the most exciting things about the “Users Love Us” badge is the fact that our learners took time out of their busy lives to write down their reviews and thoughts about our courses and certifications, and show us their love. It is a special badge for everyone at 101 Blockchains, as G2 offers the badge after the assessment of genuine reviews.

Final Thoughts 

The consistent record of 101 Blockchains in the G2 reports proves our dedication to serving the best for our customers. The results of the G2 Summer 2025 reports will fuel our motivation to bring even more promising learning resources for everyone. Our performance in the G2 reports has been measured with the genuine reviews and feedback of verified users. The authenticity of G2 reports drives us to create better courses and certification programs.

We strive to expand our boundaries beyond blockchain and Web3 with resources on new topics like AI and fintech. Join us and give the best direction to your career in tech right now.