Q1 Bitcoin ETF holders: 1500 institutes reported, Millennium leads with nearly $2 billion in holdings
The post Q1 Bitcoin ETF holders: 1500 institutes reported, Millennium leads with nearly $2 billion in holdings appeared on BitcoinEthereumNews.com. Yesterday marked the deadline for investment firms managing over $100 million in Bitcoin exchange-traded fund (ETF) shares to disclose their holdings, and the data shows that these newly launched ETF products are attracting significant interest from institutional players. According to combined data from Fintel, over 1500 investment firms disclosed total ownership of around $10.6 billion in these ETFs. Of the ten spot Bitcoin ETFs, Grayscale Bitcoin Trust (GBTC), BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and ARK 21Shares Bitcoin ETF (ARKB) are the top choices for professional investors. Hedge fund giant Millennium Management leads the pack with $1.97 billion worth of Bitcoin ETF shares, according to a recent 13F filing with the Securities and Exchange Commission (SEC). Millennium is king of the bitcoin ETF holders w/ about $2b across four ETFs. This is out of over 500 holders (about 200x the avg for new ETF). Majority are inv advisors (60%) but a big dose of HFs (25%). Never can be totally sure what HFs up to but they were def big buyers. pic.twitter.com/iVtVXjhId0 — Eric Balchunas (@EricBalchunas) May 15, 2024 The fund’s investment portfolio includes $844 million shares in iShares Bitcoin Trust (IBIT), over $800 million in the Fidelity Wise Origin Bitcoin Fund (FBTC), about $202 million in Grayscale’s Bitcoin Trust (GBTC), and close to $45 million each in ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF Trust (BITB). However, the filing reveals that these holdings only account for 3% of Millennium’s $64 billion assets under management. Other top Bitcoin ETF holders in Q1 following Millennium were Susquehanna International Group ($1.1 billion), Bracebridge Capital ($404 million), Boothbay Fund Management ($303 million), and Morgan Stanley ($251 million). Breaking Records for New ETFs According to Bitwise’s CIO Matt Hougan, the investment trend in Bitcoin ETFs is gaining momentum.…
The post Q1 Bitcoin ETF holders: 1500 institutes reported, Millennium leads with nearly $2 billion in holdings appeared on BitcoinEthereumNews.com.
Yesterday marked the deadline for investment firms managing over $100 million in Bitcoin exchange-traded fund (ETF) shares to disclose their holdings, and the data shows that these newly launched ETF products are attracting significant interest from institutional players. According to combined data from Fintel, over 1500 investment firms disclosed total ownership of around $10.6 billion in these ETFs. Of the ten spot Bitcoin ETFs, Grayscale Bitcoin Trust (GBTC), BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and ARK 21Shares Bitcoin ETF (ARKB) are the top choices for professional investors. Hedge fund giant Millennium Management leads the pack with $1.97 billion worth of Bitcoin ETF shares, according to a recent 13F filing with the Securities and Exchange Commission (SEC). Millennium is king of the bitcoin ETF holders w/ about $2b across four ETFs. This is out of over 500 holders (about 200x the avg for new ETF). Majority are inv advisors (60%) but a big dose of HFs (25%). Never can be totally sure what HFs up to but they were def big buyers. pic.twitter.com/iVtVXjhId0 — Eric Balchunas (@EricBalchunas) May 15, 2024 The fund’s investment portfolio includes $844 million shares in iShares Bitcoin Trust (IBIT), over $800 million in the Fidelity Wise Origin Bitcoin Fund (FBTC), about $202 million in Grayscale’s Bitcoin Trust (GBTC), and close to $45 million each in ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF Trust (BITB). However, the filing reveals that these holdings only account for 3% of Millennium’s $64 billion assets under management. Other top Bitcoin ETF holders in Q1 following Millennium were Susquehanna International Group ($1.1 billion), Bracebridge Capital ($404 million), Boothbay Fund Management ($303 million), and Morgan Stanley ($251 million). Breaking Records for New ETFs According to Bitwise’s CIO Matt Hougan, the investment trend in Bitcoin ETFs is gaining momentum.…
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