Bracebridge Capital, managing funds for prestigious universities like Yale and Princeton, has unveiled substantial investments in various spot Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs).

With holdings exceeding $434 million, the hedge fund has secured sizable stakes in ARKB, IBIT, and GBTC, marking a significant institutional embrace of cryptocurrency.

Eric Balchunas, a Bloomberg ETF analyst, highlighted Bracebridge's dominant position in these ETFs, underscoring the fund's bullish stance on Bitcoin.

Despite the revealing 13F filings shedding light on long positions, Bracebridge's complete investment strategy remains veiled as short positions are not disclosed.

This move signals growing institutional confidence in the long-term potential of digital assets.