TechFlow reported that according to recent regulatory filings, some hedge funds and other asset management firms, including Millennium Management LLC, acquired shares in U.S.-listed exchange-traded funds (ETFs) tied to the price of bitcoin during the first quarter. The New York-based Millennium disclosed that as of March 31, it had invested $2 billion across several new ETFs, including BlackRock's iShares Bitcoin Trust (IBIT.O), Grayscale Bitcoin Trust, and funds launched by Bitwise Investments and ARK Investment Management.
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