The hedge fund, which is led by billionaire Izzy Englander, held its biggest allocation in BlackRock’s iShares Bitcoin Trust (IBIT), roughly $844 million. It also owned more than $800 million of the Fidelity Wise Origin Bitcoin Fund (FBTC) and $202 million of Grayscale’s Bitcoin Trust (GBTC), as well as stakes in ARK/21’s ARKB and Bitwise’s BITW.
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...