Steve Weiss has once again trimmed his Bitcoin (BTC) holdings, citing ongoing market uncertainty. Speaking on CNBC’s Halftime Report, Weiss disclosed that he has taken additional profits from his Bitcoin investment through BlackRock’s spot exchange-traded fund (ETF) as financial markets continue to experience macroeconomic volatility.
Weiss, the founder and managing partner of Short Hills Capital Partners, revealed that he reduced his Bitcoin exposure by another 10%, following a 20% sell-off last week. While the exact size of his position remains undisclosed, he previously referred to his Bitcoin investment as a “positive trade,” indicating that his outlook remains cautious amid market fluctuations.