tl;dr
Millennium Management has disclosed holdings in Bitcoin ETFs, including the iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund, totaling almost $2 billion, about 3% of its $64 billion fund. The company has invested in various major Bitcoin ETFs, with the largest holdings in iShares Bitcoin ...
Millennium Management's Strategic Bitcoin ETF Holdings Millennium Management's Strategic Bitcoin ETF Holdings
Millennium Management has disclosed holdings in Bitcoin ETFs, including the iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund, totaling almost $2 billion, about 3% of its $64 billion fund. The company has invested in various major Bitcoin ETFs, with the largest holdings in iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund. This strategic investment spread aims to mitigate risks and demonstrates a bullish attitude towards Bitcoin as an asset class.
Institutional interest in Bitcoin ETFs is increasing, with other financial institutions like Boothbay Fund Management and the State of Wisconsin Investment Board also heavily investing in Bitcoin ETFs. This growing acceptance of Bitcoin ETFs coincides with Bitcoin's price surge to $66,000, influenced by the latest U.S. Consumer Price Index data indicating a decrease in core inflation.
Millennium Management's 13F-HR SEC filing gives a comprehensive overview of its investments in the numerous major Bitcoin ETFs. The company has set aside $844,181,820 for BlackRock’s iShares Bitcoin Trust, which is now the biggest single holding. After that comes the Fidelity Wise Origin Bitcoin Fund, which has received $806,640,303 from Millennium. The other significant investments are $202,029,915 in the Grayscale Bitcoin Trust and smaller but still important amounts of money in the ARK 21Shares Bitcoin ETF and Bitwise Bitcoin ETF, which are equal to $45,001,320 and $44,737,805, respectively.
This strategic placement of the investments in different ETFs not only spreads out the risks but also shows Millennium’s bullish attitude towards Bitcoin as an asset class. The company’s choice to intensify the participation in cryptocurrency shows a great faith in the fact that digital currencies will still be incorporated into the mainstream financial system.
Institutional interest in Bitcoin ETFs is increasing, as shown by recent SEC filings from other financial institutions. Boothbay Fund Management and the State of Wisconsin Investment Board are among other big players that have invested heavily in Bitcoin ETFs, which proves that institutional interest is on the rise. Concurrently, firms like Hightower Advisors, SouthState Bank, and even big companies like JPMorgan Chase have entered this market, which shows that they are confident in Bitcoin ETFs as investment vehicles.
The growing acceptance of Bitcoin ETFs comes at a time when Bitcoin itself has seen considerable price movements. Recently, Bitcoin’s price surged to $66,000, marking a 7% increase in the last 24 hours. This price movement is in direct relation to the latest U.S. Consumer Price Index (CPI) data, which has shown a decrease in core inflation that might influence investor sentiment toward digital assets as a hedge against economic instability.
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