Bitcoin
The largest US hedge funds collectively own over $2,600,000,000 worth of Bitcoin ETF shares: BTC Brokerage Firm River
New data from brokerage Bitcoin River reveals that the largest U.S. hedge funds have combined to accumulate billions of dollars in Bitcoin exchange-traded shares (ETF).
In a new thread on social media platform X, River it says that although BTC’s market capitalization is relatively small, many of the largest U.S. hedge funds already have significant exposure to the crypto king.
“Twelve of the 25 largest U.S. hedge funds collectively have more than $2.6 billion in Bitcoin ETF exposure. Eleven of the top 25 Registered Investment Advisors (RIAs) also have exposure.
At the same time, Bitcoin is just a $1 trillion asset class.”
Source: Rio/X
Some of the top hedge funds that to have Bitcoin ETFs as of March 31 include Millennium Management, Citadel Investment Group, Mariner Investment Group, Renaissance Tech and Point72 Asset Management, according to River.
The broker still grades that hundreds of RIAs have collectively invested billions of dollars in Bitcoin ETFs.
“RIAs made relatively small allocations. But there are 405 advisors with over $1 billion in assets who have collectively allocated $2.5 billion to Bitcoin ETFs.”
Source: Rio/X
Bitcoin is trading for $67,066 at the time of writing, a fractional drop over the past 24 hours.
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