new disclosure, investment management firm Millennium Management has revealed that its Spot Bitcoin ETF has approximately $2 billion in holdings. This revelation was made through the SEC 13F-HR Institutional Investment Manager Ownership Report filed today, highlighting the growing interest and investment in Bitcoin ETFs by major institutional investors.
JUST IN: 🇺🇸Millennium Management reveals $2 billion in spot holdings #bitcoin ETFs newly filed with the SEC 👀 pic.twitter.com/hHzlWbHr9c
— Bitcoin Magazine (@BitcoinMagazine) May 15, 2024
The company reported having a total of $1,942,591,163.
– $844,181,820 in BlackRock’s iShares Bitcoin Trust
– $45,001,320 in ARK 21Shares Bitcoin ETF
– $44,737,805 Bit per Bitcoin ETF
– $202,029,915 Grayscale Bitcoin Trust
– Fidelity Wise Origin Bitcoin Fund of $806,640,303
Millennium Management’s big investment comes just a day after the Wisconsin State Investment Board (SWIB) disclosed Its holdings are approximately $100 million in BlackRock’s Bitcoin Spot ETF (IBIT) and $62 million in Grayscale’s GBTC. This wave of institutional interest highlights a growing trend among major financial institutions to include Bitcoin ETFs in their portfolios.
In response to the recent surge in 13F filings, various institutions are announcing their holdings in Bitcoin ETFs. This includes investment firms like Millennium and SWIB, as well as traditional financial giants like JPMorgan Chase. JPMorgan, America’s largest bank, recently revealed its holdings in Spot Bitcoin ETFs, pointing to its role as a market maker for these investment vehicles.
This trend means Bitcoin will become more widely accepted and integrated into mainstream financial markets. Bitcoin ETFs offer a regulated and accessible way for financial institutions to gain exposure to Bitcoin without directly owning the assets, and have gained traction since their launch in the US earlier this year. are collecting.
Millennium Management’s nearly $2 billion investment in the Spot Bitcoin ETF makes it one of the largest institutional investors to date. The ramifications of such disclosures can be far-reaching.
