🚀🚀Billionaire Steve Cohen's Point72 hedge fund is riding the Bitcoin wave! They held a cool $77.5M in the Fidelity Wise Origin Bitcoin Fund in Q1. Joining the crypto party are other hedge funds like Elliott Capital & Millennium Management.💰💰

Out of the top 25 US hedge funds, more than half are dabbling in Bitcoin ETFs. Among the crypto enthusiasts are Fortress Investment Group & Schonfeld Strategic Advisors.🎉🎉

While some might see this as a long-term "number go up" bet, there could be other reasons like market making, hedging, yield generation, or even a short-term flip.🔄🔄

What do you think? Are these hedge funds onto something or just FOMOing? Let's chat in the comments!👇👇 #DeFi #Web3