Millennium Management Discloses $2 Billion Bitcoin ETF Investment, 3% of $64 Billion AUM

Millennium Management, a major hedge fund, has disclosed a $2 billion investment in spot Bitcoin ETFs. This allocation represents approximately 3% of their $64 billion assets under management (AUM) as of the first quarter. The disclosure was made through a 13F filing with the SEC. Notably, the hedge fund owns $844,181,820 of IBIT. The move challenges the perception that only retail investors are buying Bitcoin ETFs, indicating significant institutional interest. This development has sparked bullish sentiment in the cryptocurrency market.