Bitcoin
Bitcoin ETF (BTC) holdings disclosed by hedge funds Millennium and Elliott
More big names revealed allocations in spot bitcoin exchange-traded funds.
Wednesday marked the deadline for institutional investors to file their quarterly 13F report with the U.S. Securities and Exchange Commission revealing positions held as of March 31, 2024.
Following the surprising disclosure on Tuesday of a US$161 million allocation from State of WisconsinIt turns out that more investment whales have been part of the unprecedented success of ETFs.
Hedge fund Millennium Management, with more than $64 billion in assets under management, held about $2 billion in various spot bitcoin ETFs, according to your filing.
The hedge fund, led by billionaire Izzy Englander, maintained its largest allocation in BlackRock’s iShares Bitcoin Trust (IBIT), around $844 million. She also owned more than $800 million from Fidelity Wise Origin Bitcoin Fund (FBTC) and $202 million from Grayscale’s Bitcoin Trust (GBTC), as well as holdings in ARK/21’s ARKB and Bitwise’s BITW.
Another big hedge fund, Paul Singer’s Elliott Capital announced a participation of nearly $12 million in BlackRock’s IBIT at the end of the quarter.
Finally, Apollo Management Holdings released a quarter-end stake of $53.2 million in ARKB from ARK/21.
Other notable names that revealed asset allocation in bitcoin spot funds on Wednesday are Aristeia Capital and Hudson Bay Capital.