๐ฅHot off the press! Big names are diving into the Bitcoin ETF pool! ๐โโ๏ธ
Wednesday was D-Day for institutional investors to reveal their Q1 2024 holdings. And boy, did they surprise us! After Wisconsin's whopping $161M allocation, more whales have surfaced. ๐ณ
Hedge fund giant Millennium Management, boasting over $64B in assets, held a cool $2B across various Bitcoin ETFs. Their biggest bet? BlackRock's iShares Bitcoin Trust (IBIT) at a hefty $844M. They also owned $800M of Fidelity's FBTC and $202M of Grayscale's GBTC, not to mention stakes in ARK/21's ARKB and Bitwise's BITW.
But wait, there's more! Paul Singer's Elliott Capital disclosed a nearly $12M stake in BlackRock's IBIT. Apollo Management Holdings also revealed a $53.2M stake in ARK/21's ARKB.
Aristeia Capital and Hudson Bay Capital also joined the Bitcoin ETF party. ๐
What a ride! ๐ข What are your thoughts on these big moves? Let's chat in the comments! #BitcoinETF #CryptoNews