Hedge fund giant Millennium Management has disclosed a $2B exposure to Bitcoin Exchange Traded Funds in its quarterly 13F filing.
As per the SEC’s Form 13F information table, Millennium diversified its holdings across various ETF products. BlackRock's Bitcoin fund emerged as the firm’s largest allocation, followed closely by Fidelity's offering. This sudden revelation has revealed Millennium as a key player in the Bitcoin ETFs.
It is worth noting that Millennium Management was not the only big-name brand to have invested in the new BTC instruments. As the May 15 deadline for quarterly 13F filings approached, a flurry of disclosures unveiled significant investments in spot Bitcoin ETFs.
The State of Wisconsin revealed its total investment of $164M spread across two funds from Grayscale and BlackRock. Likewise, Schonfeld Strategic Advisors unveiled investments of $248M in IBIT and over $231M in FBTC, bringing the company’s total exposure to BTC ETFs to $479M. According to Fintel data, these two funds boast the largest IBIT and FBTC investments, with Millennium leading in each category and Schonfeld following closely.
