In the second quarter, hedge fund D.E. Shaw significantly increased its holdings of physical bitcoin exchange-traded funds (ETFs). According to 13-F filings submitted to the US Securities and Exchange Commission (SEC), as of June 30, D.E. Shaw held $90 million in iShares Bitcoin Trust by BlackRock and $90 million in Fidelity Bitcoin Trust. This level of holdings represents a significant increase from the first quarter, where D.E. Shaw only held $6 million in iShares Bitcoin Trust by BlackRock and $3 million in Fidelity Bitcoin Trust. These data suggest that D.E. Shaw's interest in the physical bitcoin market has grown during the second quarter.