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Bitcoin ETF (BTC) stocks disclosed by hedge funds Millennium and Elliott
Other big names have revealed allocations to bitcoin spot exchange-traded funds.
Wednesday marked the deadline for institutional investors to file their quarterly 13F report with the U.S. Securities and Exchange Commission, disclosing positions held as of March 31, 2024.
After Tuesday’s surprising revelation of a $161 million allocation from the State of Wisconsinother investment whales have been found 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 his filing.
The hedge fund, led by billionaire Izzy Englander, had its largest allocation in BlackRock’s iShares Bitcoin Trust (IBIT), about $844 million. It also owned more than $800 million of Grayscale’s Fidelity Wise Origin Bitcoin Fund (FBTC) and $202 million of 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 revealed a stake of nearly $12 million in BlackRock’s IBIT 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 allocations in bitcoin spot funds on Wednesday include Aristeia Capital and Hudson Bay Capital.