Macquarie: Reducing holdings in Bitcoin ETF, betting on stablecoin leader Circle

According to the 13F filing submitted by Macquarie Group Ltd in mid-May, comparing the two periods ending December 31, 2025, and March 31, 2026, its IBIT holdings decreased from 5.126 million shares to 4.139 million shares, a reduction of about 19.3%, corresponding to an asset value drop from approximately $255 million to $159 million; ETHA holdings also decreased from 3.634 million shares to 3.289 million shares, a reduction of about 9.5%, with the corresponding asset value dropping from approximately $81.5 million to $52.1 million.

At the same time, in the crypto stock sector, Macquarie Group reduced its position in Coinbase by 19%, but increased its position in Circle by 188% (valued at $2.326 million at the end of the first quarter), and also added a position in BitMine (valued at $4.153 million at the end of the first quarter). In contrast, it did not show aggressive increases in the AI sector either, instead maintaining a cautious overall stance, with positions in Nvidia, Palantir, AMD, and others significantly decreasing, while only a few semiconductor stocks like Micron Technology saw slight increases.