"It's the best, I think after this someone will snatch the title of the biggest holder?"
Millennium Management, one of the largest alternative asset management firms in the world, was revealed to be the largest holder of Bitcoin (BTC) ETFs, especially iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC), which covers almost $2 billion, which is 3% of its funds worth $64 billion.
In addition to allocating more than $844 million to buy IBIT to become its largest single holding, Millennium Management's Securities and Exchange Commission (SEC) filings also show the firm has invested more than $806 million in FBTC.
Other notable investments include $202 million in the Grayscale Bitcoin Trust ETF (GBTC) while the ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB) have invested $45 million and $44 million respectively.
Millennium Management investing in ETFs has not only shown its confidence but its great faith in the fact that digital currencies will be included in the mainstream financial system.
Please note that Boothbay Fund Management and the State of Wisconsin are also among the other big players investing in BTC ETFs, so here can prove that institutional interest is already on the rise.
As reported, Boothbay Fund Management announced a $377 million investment in different BTC ETFs while the State of Wisconsin invested about $162 million in IBIT and GBTC.
At the same time, firms such as JPMorgan Chase, Hightower Advisors and SouthState Bank that have also entered the ETF market have proven their confidence in the BTC ETF as a potential investment.
