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International Business Times
International Business Times
Business
Marvie Basilan

'King Of Bitcoin ETF Holders': Millennium Management Unveils Staggering $2 Billion Portfolio

Bitcoin Millennium ETF Ash Crypto Millennium Management Eric Balchunas SEC Grayscale
Millennium Management is now the king of spot Bitcoin ETF holders, as per a Bloomberg ETF expert. (Credit: Ivan Radic/flicker)

KEY POINTS

  • Most of Millennium's spot Bitcoin ETF investments were on BlackRock's IBIT and Fidelity's FBTC
  • The investment manager's disclosure came just a day after Wisconsin's SWIB disclosed its nearly $100M IBIT stash
  • Bloomberg analyst Eric Balchunas said Millennium now leads over 500 other spot BTC ETF holders in the ranks

Investment management firm Millennium Management on Wednesday revealed that it holds some $2 billion worth of spot Bitcoin exchange-traded funds (ETFs), as more institutions show increasing interest in the fast-rising Bitcoin subsector.

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