In new disclosureInvestment management firm Millennium Management revealed that it owns nearly $2 billion in spot Bitcoin ETFs. This was revealed by the SEC 13F-HR Institutional Investment Manager Holdings Report filed today, and confirms the growing interest and investment in Bitcoin ETFs by major institutional players.
JUST IN: 🇺🇸Millennium Management Reveals It Holds US$2 Billion Immediately #Bitcoin ETFs in the new SEC filing 👀 pic.twitter.com/h HzlWbHr9c
— Bitcoin Magazine (@BitcoinMagazine) May 15, 2024
The company reported having a combined total of $1,942,591,163:
– $844,181,820 from BlackRock's iShares Bitcoin Trust
– $45,001,320 from ARK 21Shares Bitcoin ETF
– $44,737,805 from Bitwise Bitcoin ETF
– $202,029,915 from Grayscale Bitcoin Trust
– $806,640,303 from Fidelity Wise Origin Bitcoin Fund
Millennium Management's big investment comes just one day after the Wisconsin State Investment Board (SWIB) revealed its holdings of about $100 million in BlackRock's Spot Bitcoin ETF (IBIT) and $62 million in Grayscale's GBTC. This wave of institutional interest highlights the growing trend among major financial entities to include Bitcoin ETFs in their investment portfolios.
The recent increase in 13F filings has seen a variety of institutions announce their holdings of Bitcoin ETFs. This includes not only investment firms like Millennium and SWIB, but also traditional financial giants like JPMorgan Chase. JP Morgan, America's largest bank, recently disclosed its holdings in Bitcoin spot ETFs, citing its role as a market maker for these investment vehicles.
This trend indicates broader acceptance and integration of Bitcoin into major financial markets. Bitcoin ETFs, which provide a regulated and accessible way for institutions to gain exposure to bitcoin without directly holding assets, have gained traction since launching in the US earlier this year.
Millennium Management's nearly $2 billion investment in spot Bitcoin ETFs represents one of its largest institutional commitments to date. The ripple effect of such disclosures is likely to be far-reaching.