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Guavy AI Editorial Team••Sentiment: -1.8•Clout: 40

Macquarie Adjusts Crypto ETF Holdings, Builds Stake in Leading Treasury Company

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Macquarie Group's quarterly filings with the US Securities and Exchange Commission have revealed changes to its cryptocurrency exposure.

The firm reduced its spot Bitcoin ETF (IBIT) holdings by approximately 19.3% from 5.126 million shares in the previous quarter to 4.139 million shares in the first quarter of this year.

This decrease corresponds with a value drop, from $255 million to $159 million for the holding.

Macquarie also trimmed its position in BlackRock's spot Ether ETF (ETHA) by about 9.5%, lowering its holdings from 3.634 million shares to 3.289 million shares, and decreasing the value of that stake from approximately $81.5 million to around $52.1 million.

On a more positive note, Macquarie has invested in BitMine, a major Ethereum treasury company, with its first quarter holdings valued at about $41.53 million.