$2B Spot Bitcoin ETF: Millennium Executive Discloses Investment in SEC Filing
In a new disclosure, investment management firm Millennium Management revealed that it holds nearly $2 billion in physical Bitcoin ETFs. This disclosure was made via the SEC 13F-HR Institutional Investment Manager Holdings Report filed today, highlighting the growing interest and investment in Bitcoin ETFs from major institutional players.
JUST IN: 🇺🇸Millennium Management discloses $2 billion in cash reserves. #Bitcoin ETFs included in new SEC filings 🙌 pic.twitter.com/hHzlWbHr9c
— Bitcoin Magazine (@BitcoinMagazine) May 15, 2024
The company reported owning a total of $1,942,591,163 in assets.
– $844,181,820 of BlackRock’s iShares Bitcoin Trust
– $45,001,320 of ARK 21Shares Bitcoin ETF
– Bitwise Bitcoin ETF $44,737,805
– Grayscale Bitcoin Trust $202,029,915
– Fidelity Wise Origin Bitcoin Fund $806,640,303
Millennium Management’s large investment comes a day after the Wisconsin Investment Board (SWIB) disclosed that it holds nearly $100 million in BlackRock’s spot Bitcoin ETF (IBIT) and $62 million in Grayscale’s GBTC. I lost. This wave of institutional interest highlights the growing trend of major financial institutions seeking to include Bitcoin ETFs in their portfolios.
With the recent surge in 13F filings, various institutions have announced holdings of Bitcoin ETFs. This includes investment firms such as Millennium and SWIB, as well as traditional financial giants such as JPMorgan Chase. JPMorgan, the largest U.S. bank, recently disclosed its own holdings in a spot Bitcoin ETF, citing its role as a market maker for this investment vehicle.
This trend means Bitcoin is becoming more widely accepted and integrated into mainstream financial markets. Bitcoin ETFs, which provide a regulated and accessible way for institutions to gain exposure to Bitcoin without holding the assets directly, have been gaining popularity since their launch in the US earlier this year.
Millennium Management’s investment of approximately $2 billion in spot Bitcoin ETFs is one of the largest institutional commitments to date. The ripple effects of such disclosure are likely to be far-reaching.
