Millennium Management Holds $2 Billion Spot Bitcoin ETF Portfolio
May 16, 2024
Millennium Management, one of the world’s largest hedge funds, revealed in its latest financial report that it held $1.94 billion in spot Bitcoin ETFs as of March 31. This included $844.2 million in BlackRock’s IBIT, $806.7 million in Fidelity’s FBTC, $202 million in Grayscale’s GBTC, $45.0 million in Ark’s ARKB, and $44.7 million in Bitwise’s BITB. However, the actual market value of these shares accounted for only 3% of the hedge fund’s $64 billion in assets under management.
