Millennium Management Reveals $2 Billion Bitcoin ETF Portfolio

Millennium Management disclosed its $2 billion investment in spot Bitcoin ETFs, comprising 3% of its $64 billion fund.
Millennium Management Reveals $2 Billion Bitcoin ETF Portfolio

Key Takeaways

  • Millennium Management disclosed a $2 billion investment in spot Bitcoin ETFs.
  • Millennium holds over $844M in ETF shares under BlackRock.
  • Several institutions, including JPMorgan Chase, have also invested in Bitcoin ETFs.

Global investment management firm Millennium Management has disclosed a $2 billion investment in spot Bitcoin ETFs, according to a recent SEC filing.

This significant investment represents 3% of Millennium’s $64 billion fund as of the first quarter.

Holdings in many ETFs

The filing reveals that Millennium has holdings in Bitcoin ETFs from BlackRock, ARK21, Bitwise, Fidelity, and Grayscale.

Notably, Millennium Management holds over $844 million in ETF shares under BlackRock, the clear leader.

The total Fidelity Bitcoin ETF isn’t far behind, with Millennium investing over $800 million in the asset.

Other companies and banks join

Several other companies and banks have also announced investments in spot Bitcoin ETFs in recent months.

These include major institutions like Hightower and JPMorgan Chase.

Since their initial approval in January 2024, spot Bitcoin ETFs have gained considerable traction within the finance sector.

The announcement of Millennium Management’s Bitcoin ETF holdings coincides with Bitcoin’s recent bullish trend, with the asset reaching $66,000, marking a 7% increase in the past 24 hours.

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