More than half of the top 25 hedge funds in the United States hold exposure to Bitcoin ETFs
ChainCatcher news, according to Cointelegraph, data from investment firm River shows that by the end of the first quarter of 2024, 13 of the largest 25 hedge funds in the United States had exposure to Bitcoin ETFs.
Among them, Millennium Management holds 27,263 Bitcoins, valued at $1.69 billion, accounting for approximately 2.5% of its total assets under management (valued at $67.7 billion). Other hedge funds with significant Bitcoin holdings include Schonfeld Strategic Advisors (holding 6,734 Bitcoins) and Point72 Asset Management (holding 1,089 Bitcoins).
On the other hand, some top hedge funds, such as Bridgewater Associates, AQR Capital Management, and Balyasny Asset Management, have yet to invest in Bitcoin ETFs.
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