Millennium Management Unveils $2 Billion Spot Bitcoin ETF Portfolio

Global investment management firm Millennium Management has disclosed the purchase of Bitcoin ETFs in cash, according to an SEC filing. Millennium Management disclosed its Bitcoin ETF holdings on Wednesday, and they constitute 3% of its $64 billion fund in the first quarter.

The most recently SEC Filing reveals that Millenium has holdings in Bitcoin ETFs with BlackRock, ARK21, Bitwise, Fidelity and Grayscale. Millenium Management holds more than $844 million in ETF shares under the leadership of BlackRock, the distant leader. The total Fidelity Bitcoin ETF is not far behind, with Millenium investing more than $800 million in the asset as well. Several other companies and banks have announced investments in spot Bitcoin ETFs in recent weeks and months. These include institutions such as Hightower and JP Morgan To chase.

Throughout 2024, Spot Bitcoin ETFs have become a large part of the dialogue within the financial sector. In fact, the investment offers had their inaugural approvals issued in January. Since then, they have only increased in prominence due to their immense success.

The news of Millenium Management’s Bitcoin ETF holdings also comes at a time when BTC is on the rise, up to $66,000 today, up 7% in 24 hours. The asset is becoming more popular among investment firms as a new asset for their clients and the trend does not appear to be slowing down.

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