The investment management company Millennium Management has made a significant disclosure, revealing holdings of almost $2 billion in spot Bitcoin ETFs. This revelation was made through a SEC 13F-HR institutional investment manager holdings report filed recently, highlighting the increasing interest and investment in Bitcoin ETFs by major institutional players.
According to the report, Millennium Management owns a combined total of $1,942,591,163 in various Bitcoin ETFs, including holdings in BlackRock’s iShares Bitcoin Trust, ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETF, Grayscale Bitcoin Trust, and Fidelity Wise Origin Bitcoin Fund.
This substantial investment by Millennium Management comes on the heels of the State of Wisconsin Investment Board (SWIB) disclosing its own significant holdings in BlackRock’s spot Bitcoin ETF and Grayscale’s GBTC. The trend of institutional interest in Bitcoin ETFs is growing, with major financial entities like JPMorgan Chase also announcing their holdings in these investment vehicles.
The surge in 13F filings showcasing Bitcoin ETF holdings indicates a broader acceptance and integration of Bitcoin into mainstream financial markets. Bitcoin ETFs provide a regulated and accessible way for institutions to gain exposure to Bitcoin without directly holding the asset, and 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 is one of the largest institutional commitments to date, signaling a significant shift in the financial landscape. The ripple effect of disclosures like this is expected to have far-reaching implications for the cryptocurrency market and institutional investment strategies.
