Verition Fund Management, a Connecticut-based hedge fund overseeing roughly $15 billion in assets, has reportedly increased its Bitcoin ETF holdings by 19% to 3.07 million shares valued at about $110 million. The reported position is materially larger than the firm's most recent publicly available 13F disclosure for Q1 2026, which showed roughly 238,911 shares of BlackRock's iShares Bitcoin Trust worth about $9.2 million and marked an 87% reduction from the prior quarter. The gap suggests either a sharp reversal in Q2 2026 or exposure through a different Bitcoin ETF product rather than IBIT. The development comes after a broader first-quarter pullback in professional Bitcoin ETF holdings, with Millennium Management also cutting its IBIT stake. Spot Bitcoin ETFs have become a key institutional route into Bitcoin because they offer listed exposure within a regulated structure and avoid the operational burden of direct custody. The next 13F filing deadline is expected to clarify whether Verition added heavily in Q2 and which issuer's product it was accumulating.