Galaxy Research says nine hedge funds and banks cut 68,000 BTC of spot ETF exposure

Nine hedge funds and banks cut about 68,000 BTC of spot Bitcoin ETF exposure between September 2025 and June 2026, according to Galaxy Research, Decrypt reported . Galaxy said the selling reflected a fading cash-and-carry trade rather than bets against Bitcoin.The sellers were Millennium Management…

Oct 28, 2026 - 21:00
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Galaxy Research says nine hedge funds and banks cut 68,000 BTC of spot ETF exposure
Nine hedge funds and banks cut about 68,000 BTC of spot Bitcoin ETF exposure between September 2025 and June 2026, according to Galaxy Research, Decrypt reported . Galaxy said the selling reflected a fading cash-and-carry trade rather than bets against Bitcoin.The sellers were Millennium Management…

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