in a new divulgation, investment management firm Millennium Management has disclosed holdings of nearly $2 billion in spot bitcoin ETFs. This disclosure was made through an SEC 13F-HR Institutional Investment Managers Holdings Report filed today, and the disclosure underscores the growing interest and investment in bitcoin ETFs by major institutional players.
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ONLY IN: Millennium Management reveals it has $2 billion in cash twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETF in a new filing with the SEC pic.twitter.com/hHzlWbHr9c
– bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1790845411604713505?ref_src=twsrc%5Etfw”>May 15, 2024
The firm reported owning a combined total of $1,942,591,163:
– $844,181,820 from BlackRock's iShares bitcoin Trust
– $45,001,320 ARK 21Shares bitcoin ETF
– $44,737,805 Bitwise bitcoin ETF
– $202,029,915 bitcoin Trust in grayscale
– $806,640,303 from the Fidelity Wise Origin bitcoin Fund
Millennium Management's major investment comes just one day after the Wisconsin State Investment Board (SWIB) disclosed its holdings of nearly $100 million in BlackRock's Spot bitcoin ETF (IBIT) and $62 million in dollars in GBTC from Grayscale. This wave of institutional interest highlights a growing trend among major financial institutions to include bitcoin ETFs in their portfolios.
The recent surge in 13F filings has seen a variety of institutions announce their bitcoin ETF holdings. This includes not only investment firms like Millennium and SWIB but also traditional financial giants like JPMorgan Chase. JPMorgan, one of the largest banks in the United States, recently revealed its own holdings in bitcoin spot ETFs, highlighting its role as a market maker for these investment vehicles.
The trend signifies broader acceptance and integration of bitcoin into major financial markets. bitcoin ETFs, which provide a regulated and accessible way for institutions to gain exposure to bitcoin without holding the asset directly, have been gaining traction since their launch in the United States earlier this year.
Millennium Management's nearly $2 billion investment in spot bitcoin ETFs marks one of the largest institutional commitments to date. The ripple effect of revelations like this is likely to be far-reaching.
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