This significant revelation highlights the growing interest and investment in Bitcoin ETFs by major institutional players.
It reflects a broader trend in the financial industry. Let’s explore more about this important news for Bitcoin ETFs.
Institutional Interest in Bitcoin ETFs Surges
According to the report, Millennium Management reported owning a combined total of $1,942,591,163 in various Bitcoin ETFs. The breakdown of these holdings is as follows:
- $844,181,820 in BlackRock’s iShares Bitcoin Trust.
- $45,001,320 in ARK 21Shares Bitcoin ETF.
- $44,737,805 in Bitwise Bitcoin ETF.
- $202,029,915 in Grayscale Bitcoin Trust.
- $806,640,303 in Fidelity Wise Origin Bitcoin Fund.
This disclosure follows a similar announcement by the State of Wisconsin Investment Board (SWIB). SWIB revealed its holdings of almost $100 million in BlackRock’s spot Bitcoin ETF (IBIT) and $62 million in Grayscale’s GBTC. The consecutive revelations by major investors signal increasing acceptance of Bitcoin ETFs.
JUST IN:
Millennium Management discloses it holds $2 billion in spot #Bitcoin ETFs in new SEC filing
pic.twitter.com/hHzlWbHr9c
— Bitcoin Magazine (@BitcoinMagazine) May 15, 2024
Moreover, Bitcoin ETFs are perceived as a safer and more accessible way to invest in Bitcoin, particularly for institutional investors who prioritize regulatory compliance and risk management. The involvement of well-established financial firms such as BlackRock, ARK, Bitwise, Grayscale, and Fidelity further enhances the credibility and attractiveness of Bitcoin ETFs.
More About Bitcoin ETFs
In Q1-2024, the top holders of BTC ETFs emerged with significant holdings. This indicates a notable shift in institutional investment trends. Topping the list is Millennium Management, leading with holdings amounting to $1.8 billion. This is followed closely by Susquehanna with $1.1 billion.
Top #Bitcoin ETF Holders of Q1:
1. Millennium Management ($1.8b)
2. Susquehanna ($1.1b)
3. Horizon Kinetics ($989m)
4. Bracebridge ($404m)
5. Boothbay ($303m)Gradually, then suddenly
pic.twitter.com/W5F8UAP3iq
— Simply Bitcoin (@SimplyBitcoinTV) May 16, 2024
Horizon Kinetics secured the third position with holdings totaling $989 million. Additionally, Bracebridge and Boothbay round out the top five with substantial holdings of $404 million and $303 million, respectively.
Disclaimer
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