TechFlow reported on November 19 that, according to Forbes, three major hedge funds significantly increased their investments in U.S. spot Bitcoin ETFs during the third quarter of 2024. Millennium Management doubled its holdings in the iShares Bitcoin Trust to 23.5 million shares, worth $849 million, while also increasing positions in ARK 21Shares and Bitwise Bitcoin ETFs. London-based hedge fund Capula added approximately $600 million to its holdings in iShares and Fidelity Bitcoin ETFs. Tudor Investment Corporation increased its stake in the iShares Bitcoin Trust fivefold to 4.4 million shares.
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