Hedge Fund Millennium Adjusts Bitcoin ETF Holdings in Q2: Substantially Reduces GBTC and IBIT Holdings, Increases MSTR Holdings

Deep tide TechFlow news, according to the latest report from Trader T, the well-known hedge fund Millennium Management made significant adjustments to its Bitcoin-related ETF and stock positions in the second quarter.

The main changes are as follows:

• Fidelity Bitcoin ETF ($FBTC): 14% reduction, current holdings valued at $589 million

• iShares Bitcoin Trust ($IBIT): 48% reduction, current holdings valued at $371 million

• Grayscale Bitcoin Trust ($GBTC): 52% reduction in holdings, current holdings worth $82 million

• Bitwise Bitcoin ETF ($BITB): Increased 71%, current holdings valued at $65 million

• MicroStrategy ($MSTR): A massive 8,837% increase in holdings, currently worth $121 million