BREAKING: Millennium Management discloses ~$2B in Bitcoin ETF holdings
Yesterday was the quarterly 13F filing deadline day.
And it’s been revealed that international hedge fund Millennium Management has bought close to $2 billion in Bitcoin ETFs.
Here’s a breakdown of their holdings:
- BlackRock’s IBIT: $844.2 million
- Fidelity’s FBTC: $806.7 million
- Grayscale’s GBTC: $202 million
- Ark’s ARKB: $45 million
- Bitwise’s BITB: $44.7 million
This makes Millennium the largest individual holder of IBIT & FBTC.
Currently Millennium has $69 billion in assets under management.
Which makes their Bitcoin investment ~2.9% of their total assets.
The 13F filings also revealed what kind of investors are purchasing the Bitcoin ETFs.
The list of BlackRock’s holder type includes:
- Hedge Fund Manager
- Investment Advisor
- Private Equity
- Pension Fund
- Brokerage
- Bank
- Trust
- Insurance Company
- Holding Company
- Family Office/Trust
New ETF launches don’t normally see such a wide array of investor types.
Just another stat to show how successful the Bitcoin ETFS been…
Keep in mind, big institutions & asset managers take ages to allocate toward a new asset class.
Everything we have seen so far is extremely encouraging for the actual BTC holders.
As I keep saying:
Slowly at first, then all at once.