Hedge fund giant Millennium discloses $2.6B Bitcoin ETF and $182M Ethereum ETF holdings

Key Takeaways

Millennium Management disclosed $2.6 billion in Bitcoin ETFs and $182.1 million in Ethereum ETFs holdings.
Institutional crypto investment is on the rise, with entities like Abu Dhabi’s sovereign fund and Goldman Sachs increasing their Bitcoin ETF holdings.

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Millennium Management disclosed holdings of $2.6 billion in Bitcoin ETFs and $182.1 million in Ethereum ETFs in its latest 13F filing with the SEC.

The hedge fund’s Bitcoin ETF portfolio is spread across multiple funds, with BlackRock’s IBIT representing its largest position at over $844 million, followed by Fidelity’s fund at just over $806 million.

Other holdings include the ARK 21Shares Bitcoin ETF, the Bitwise Bitcoin ETF, and the Grayscale Bitcoin Trust.

The filing reveals a broader trend of institutional crypto investments, with Abu Dhabi’s sovereign wealth fund purchasing $436.9 million of BlackRock’s spot Bitcoin ETF in the quarter. Goldman Sachs also increased its Bitcoin ETF holdings to $1.5 billion.

In May 2024, Millennium Management’s investment in Bitcoin ETFs reached nearly $2 billion across five major funds, representing only 3% of their total assets.

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