{"id":302879,"date":"2024-05-16T04:20:13","date_gmt":"2024-05-15T22:50:13","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=302879"},"modified":"2024-05-16T04:20:13","modified_gmt":"2024-05-15T22:50:13","slug":"millennium-2b-stake-crown-it-largest-ibit-fbtc-etf-holder-crypto-news-2","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/millennium-2b-stake-crown-it-largest-ibit-fbtc-etf-holder-crypto-news-2\/","title":{"rendered":"Millennium $2B Stake Crown It Largest IBIT, FBTC ETF Holder – Crypto News"},"content":{"rendered":"

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Millennium Management has disclosed holdings that make it the largest holder of Bitcoin ETFs, notably the iShares Bitcoin Trust (IBIT<\/a>) and Fidelity Wise Origin Bitcoin Fund (FBTC). <\/span><\/p>\n

This participation is evidenced by the recent SEC filing that shows Millennium Management\u2019s stakes now cover almost $2 billion, which is about 3% of its fund worth $64 billion.<\/span><\/p>\n

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Millennium\u2019s Bitcoin ETF Holdings<\/strong><\/h2>\n

Millennium Management\u2019s 13F-HR SEC filing gives a comprehensive overview of its investments in the numerous major Bitcoin ETFs. The company has set aside $844,181,820 for BlackRock\u2019s iShares Bitcoin Trust, which is now the biggest single holding.<\/p>\n

After that comes the Fidelity Wise Origin Bitcoin Fund, which has received $806,640,303 from Millennium.<\/p>\n

The other significant investments are $202,029,915 in the Grayscale Bitcoin Trust and smaller but still important amounts of money in the ARK 21Shares<\/a> Bitcoin ETF and Bitwise Bitcoin ETF, which are equal to $45,001,320 and $44,737805, respectively.<\/p>\n

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Millennium Management disclosed a ~$2b Bitcoin ETF holding as of Q1, 3% of their $64b fund. Kinda wild<\/p>\n

\u2014 db (@tier10k) May 15, 2024<\/a><\/p>\n<\/blockquote>\n

This strategic placement of the investments in different ETFs not only spreads out the risks but also shows Millennium\u2019s<\/a> bullish attitude towards Bitcoin as an asset class. <\/span><\/p>\n

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The company\u2019s choice to intensify the participation in cryptocurrency shows a great faith in the fact that digital currencies will still be incorporated into the mainstream financial system.<\/span><\/p>\n

Growing Institutional Interest in Bitcoin ETFs<\/h2>\n

Institutional interest in Bitcoin ETFs is increasing, as shown by recent SEC filings from other financial institutions. Boothbay Fund Management<\/a> and the State of Wisconsin Investment Board are among other big players that have invested heavily in Bitcoin ETFs, which proves that institutional interest is on the rise.<\/span><\/p>\n

As reported by Coingape, Boothbay Fund Management publicized its $377 million investment in different Bitcoin ETFs, and the Wisconsin board disclosed its nearly $162 million invested in BlackRock\u2019s IBIT and Grayscale\u2019s GBTC.<\/span><\/p>\n

Concurrently, firms like Hightower Advisors, SouthState Bank, and even big companies like JPMorgan Chase<\/a> have entered this market, which shows that they are confident in Bitcoin ETFs as investment vehicles.<\/span><\/p>\n

Bitcoin\u2019s Price Trend<\/h2>\n

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The growing acceptance of Bitcoin ETFs comes at a time when Bitcoin itself has seen considerable price movements. Recently, Bitcoin\u2019s price<\/a> surged to $66,000, marking a 7% increase in the last 24 hours. <\/span><\/p>\n

This price movement is in direct relation to the latest U.S. Consumer Price Index (CPI) data, which has shown a decrease in core inflation that might influence investor sentiment toward digital assets as a hedge against economic instability.<\/span><\/p>\n

Read Also:<\/strong> Did Morgan Stanley\u2019s $243M Bet On GBTC Fuel Bitcoin Rebound?<\/a><\/p>\n

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\u2713 Share:<\/p>\n

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Kelvin is a distinguished writer specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive analysis and insightful content, he has an adept command of English and excels at thorough research and timely delivery. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Millennium Management has disclosed holdings that make it the largest holder of Bitcoin ETFs, notably the iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC). This participation is evidenced by the recent SEC filing that shows Millennium Management\u2019s stakes now cover almost $2 billion, which is about 3% of its fund worth $64 […]<\/p>\n","protected":false},"author":2,"featured_media":249227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-302879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/302879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=302879"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/302879\/revisions"}],"predecessor-version":[{"id":302897,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/302879\/revisions\/302897"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/249227"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=302879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=302879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=302879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}