TechFlow news — According to Bloomberg, institutional investors continue to make large-scale investments in direct bitcoin ETFs.
Analysis of U.S. Securities and Exchange Commission (SEC) filings for the second quarter shows that prominent hedge funds such as Millennium Management hold at least five bitcoin ETFs. Although Millennium Management significantly reduced its ETF holdings compared to the previous quarter, it remains the largest holder in most of these funds, including BlackRock’s iShares Bitcoin Trust (IBIT). Capula Investment Management, Schonfeld Strategic Advisors, and Point72 Asset Management also reported positions in these ETFs. Other buyers include the Wisconsin Investment Board and market makers from multiple countries. Hedge fund Hunting Hill Global Capital, which has been involved in cryptocurrency since 2016, now holds IBIT.
Bloomberg data shows that after the deadline for U.S. SEC Form 13F filings for the second quarter passed on Thursday Beijing time, 701 new funds reported holdings in spot bitcoin ETFs, bringing the total number of holders to nearly 1,950.
