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 <li><strong>Industry giant Millennium Management LLC holds nearly $2 billion across various spot Bitcoin ETFs launched earlier this year.</strong></li> 
 <li><strong>Bitwise CIO, Matt Hougan, predicts the investor base for these ETFs could reach 700, a significant increase compared to typical launches.</strong></li> 
 <li><strong>Hougan described the level of institutional interest as “unprecedented,” highlighting the growing acceptance of Bitcoin within traditional financial markets.</strong></li> 
</ul> 
<p>A surge of hedge funds and asset managers, including industry giant Millennium Management LLC, have poured in significant capital into the spot Bitcoin Exchange-Traded Funds (ETFs) approved in the United States earlier this year. The move underscores growing institutional interest in cryptocurrency, a once-niche asset class.</p> 
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   <p lang="en" dir="ltr">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. <a href="https://t.co/iVtVXjhId0" target="_blank" rel="nofollow">pic.twitter.com/iVtVXjhId0</a></p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1790885903084216627?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">May 15, 2024</a>
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<p>According to <a href="https://www.sec.gov/Archives/edgar/data/1273087/000127308724000071/0001273087-24-000071.txt" target="_blank" rel="nofollow">regulatory filings</a> analyzed by Bloomberg ETF analyst Eric …</p>
<p>The post <a href="https://coinedition.com/millennium-leads-wall-street-charge-into-bitcoin-etfs/">Millennium Leads Wall Street Charge into Bitcoin ETFs</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Millennium Leads Wall Street Charge into Bitcoin ETFs

Coin Edition

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