2024-05-16
Investment management company Millennium Management has made a significant disclosure by revealing its holdings of nearly $2 billion in spot Bitcoin ETFs.
This disclosure was made through a SEC 13F-HR institutional investment manager holdings report filed today, highlighting the increasing interest and investment in Bitcoin ETFs by major institutional players.
Millennium Management has reported owning a combined total of $1,942,591,163 in various Bitcoin ETFs.
These include: $844,181,820 of BlackRock's iShares Bitcoin Trust, $45,001,320 of ARK 21Shares Bitcoin ETF, $44,737,805 of Bitwise Bitcoin ETF, $202,029,915 of Grayscale Bitcoin Trust, and $806,640,303 of Fidelity Wise Origin Bitcoin Fund.
This substantial investment by Millennium Management follows closely after the State of Wisconsin Investment Board (SWIB) disclosed its holdings of almost $100 million in BlackRock's spot Bitcoin ETF (IBIT) and $62 million in Grayscale's GBTC.
The growing trend among major financial entities to include Bitcoin ETFs in their portfolios is evident through these recent disclosures.
The surge in 13F filings has seen various institutions announcing their Bitcoin ETF holdings.
This includes not only investment firms like Millennium and SWIB but also traditional financial giants like JPMorgan, Chase.
JPMorgan, America's largest bank, recently disclosed its own holdings in spot Bitcoin ETFs and emphasized its role as a market maker for these investment vehicles.
This trend signifies a broader acceptance and integration of Bitcoin into mainstream financial markets. Bitcoin ETFs, which offer a regulated and accessible way for institutions to gain exposure to Bitcoin without directly holding the asset, 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 stands as one of the largest institutional commitments to date. The impact of such disclosures is expected to have far-reaching effects.
