ETFs
Bitcoin ETF (BTC) holdings disclosed by hedge funds Millennium and Elliott
Other big names have revealed allocations in Bitcoin spot exchange-traded funds.
Wednesday marked the deadline for institutional investors to file their quarterly 13F report with the United States Securities and Exchange Commission, revealing positions held as of March 31, 2024.
After Tuesday’s surprising revelation of a $161 million allocation from the State of Wisconsinmore investment whales turned out to have contributed to the unprecedented success of ETFs.
Hedge fund Millennium Management, with more than $64 billion in assets under management, held about $2 billion in a number of spot bitcoin ETFs, according to its deposit.
The hedge fund, led by billionaire Izzy Englander, had its largest allocation in BlackRock’s iShares Bitcoin Trust (IBIT), around $844 million. He also held more than $800 million from the Fidelity Wise Origin Bitcoin Fund (FBTC) and $202 million from Grayscale’s Bitcoin Trust (GBTC), as well as stakes in ARK/21’s ARKB and Bitwise’s BITW.
Another major hedge fund, Paul Singer’s Elliott Capital disclosed a participation of nearly $12 million in IBIT from BlackRock at the end of the quarter.
Finally, Apollo Management Holdings disclosed a quarter-end $53.2 million stake in ARK/21’s ARKB.
Other notable names that revealed asset allocation in spot bitcoin funds on Wednesday are Aristeia Capital and Hudson Bay Capital.