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Millennium Management has revealed substantial investments in cryptocurrency through Bitcoin and Ethereum ETFs totaling almost $2.8 billion as per their latest SEC filings. The firm’s holdings in Bitcoin ETFs alone surged to $2.6 billion with significant stakes in BlackRock’s IBIT and Fidelity’s Bitcoin fund which represent the largest shares at $844 million and $806 million respectively.
Additional investments stretch across various funds including the ARK 21Shares Bitcoin ETF Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust. These moves underscore a growing trend of institutional support for cryptocurrencies marking a notable shift towards digital assets in traditional investment portfolios.
The surge in crypto assets extends beyond Millennium Management as Abu Dhabi’s sovereign wealth fund and Goldman Sachs have also ramped up their cryptocurrency holdings. This wave of institutional investments is a strong indicator of increasing confidence and acceptance of cryptocurrencies within the mainstream financial sector.
