Hedge fund giant Millennium discloses $2.6B Bitcoin ETF and $182M Ethereum ETF holdings

Key Takeaways

• Millennium Management disclosed $2.6 billion in Bitcoin ETFs and $182.1 million in Ethereum ETFs holdings.
• Institutional crypto investment is on the rise, with entities like Abu Dhabi's sovereign fund and Goldman Sachs increasing their Bitcoin ETF holdings.

Millennium Management disclosed holdings of $2.6 billion in Bitcoin ETFs and $182.1 million in Ethereum ETFs in its latest 13F filing with the SEC .

The hedge fund’s Bitcoin ETF portfolio is spread across multiple funds, with BlackRock’s IBIT representing its largest position at over $844 million, followed by Fidelity’s fund at just over $806 million.

Other holdings include the ARK 21Shares Bitcoin ETF, the Bitwise Bitcoin ETF, and the Grayscale Bitcoin Trust.

The filing reveals a broader trend of institutional crypto investments, with Abu Dhabi’s sovereign wealth fund purchasing $436.9 million of BlackRock’s spot Bitcoin ETF in the quarter. Goldman Sachs also increased its Bitcoin ETF holdings to $1.5 billion.

In May 2024, Millennium Management’s investment in Bitcoin ETFs reached nearly $2 billion across five major funds, representing only 3% of their total assets.