As a seasoned crypto investor with a decade of experience under my belt, I find Millennium Management’s recent disclosure of their substantial Bitcoin ETF holdings to be an exciting development. The fact that they are the largest holder of Bitcoin ETFs, with stakes worth nearly $2 billion, represents approximately 3% of their total fund worth $64 billion, is truly noteworthy.
Millennium Management has revealed that it is the top investor in Bitcoin exchange-traded funds (ETFs), specifically the iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC).
As a researcher studying investment trends, I’ve come across an interesting development. Millennium Management has recently disclosed in an SEC filing that their holdings now amount to approximately $2 billion, representing around 3% of their total assets under management, which stand at $64 billion.
Millennium’s Bitcoin ETF Holdings
Millennium Management’s SEC filing provides a detailed account of its investments in various major Bitcoin ETFs. The company has allocated a significant amount, totaling $844,181,820, towards BlackRock’s iShares Bitcoin Trust, making it the largest individual holding. Following this, Millennium has invested $806,640,303 in the Fidelity Wise Origin Bitcoin Fund.
As a researcher, I’ve identified additional significant investments in the cryptocurrency market besides the one I previously mentioned. Specifically, I found an investment of $202,029,915 in the Grayscale Bitcoin Trust. Furthermore, there are smaller but still notable investments of $45,001,320 in the ARK 21Shares Bitcoin ETF and $44,737,805 in the Bitwise Bitcoin ETF.
In the first quarter report, Millennium Management revealed that approximately 3% of their total $64 billion assets under management were allocated to a Bitcoin ETF, which translates to around $2 billion in value. Quite an intriguing disclosure!
— db (@tier10k) May 15, 2024
By investing in various ETFs that hold Bitcoin, Millennium is diversifying its risks while simultaneously expressing a positive outlook on this digital asset as a valuable investment class.
The firm’s decision to ramp up its involvement in cryptocurrencies indicates a strong belief that these digital currencies will eventually become integral to the traditional financial market.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- USD COP PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- Ethereum (ETH) Crashes Dramatically, What’s Next? Solana (SOL) Can Still Reach $200, XRP Struggling Before $0.63 Test
- ETHW PREDICTION. ETHW cryptocurrency
- Terraform Labs Reveals Key Update On Crypto Loss Claims Voting
- Major Dogecoin Downtrend Might Finally Be Over
- Lucky Animal Crossing: New Horizons Player Discovers Infinite Clam Glitch
- BREAKING: Spot Ethereum ETFs Get SEC Nod, Debut Set For Tomorrow
2024-05-16 01:01