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Writer's picturemeowdini
May 162 min read

Hedge Fund Giant Millennium Management Revealed Massive Bitcoin ETF Holdings

Surprise! Investment management firm Millennium Management just disclosed a hefty $1.94 billion chunk of their portfolio sits in spot Bitcoin ETFs.



Millennium's Bitcoin ETF Portfolio Breakdown

  • Their holdings are spread across five major spot Bitcoin ETFs:

  • ARK 21Shares Bitcoin ETF (ARKB)

  • Bitwise Bitcoin ETF (BITB)

  • Grayscale Bitcoin Trust (GBTC)

  • iShares Bitcoin Trust (IBIT)

  • Fidelity Wise Origin Bitcoin ETF (FBTC)

  • BlackRock's iShares Bitcoin Trust (IBIT) holds the top spot in their allocation, with over $844 million invested.

  • Fidelity's Wise Origin Bitcoin ETF (FBTC) follows closely behind at $806 million.


Millennium - The King of Bitcoin ETF Holders

  • According to Bloomberg ETF analyst Eric Balchunas, Millennium's holdings dwarf the average new ETF holder in the top 500 by a staggering 200 times.


Who's Buying Spot Bitcoin ETFs?

  • The recent wave of 13F filings reveals that investment advisory firms are the primary drivers (roughly 60%), followed by hedge funds (25%).



Bullish Signs for Bitcoin's Future

  • This surge in institutional buying has industry leaders like Bitwise CIO Matt Hougan feeling increasingly bullish on Bitcoin's prospects.

  • Hougan highlights the "outsized scale" of institutional interest in these products as a positive indicator for Bitcoin's future.


Looking Ahead: More to Come?

  • Hougan anticipates the May 15th filing deadline to reveal over 700 professional firms invested in Bitcoin ETFs, potentially reaching a total AUM (Assets Under Management) close to $5 billion.


This news of a major hedge fund like Millennium Management holding significant Bitcoin ETF positions is a significant development for the cryptocurrency. It highlights the growing institutional interest in Bitcoin and could further fuel its adoption and price.



Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions.




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