๐ฃ Big news in the crypto world! Major institutional investors have revealed significant allocations into spot Bitcoin ETFs. The latest 13F reports show that hedge fund Millennium Management, with over $64 billion in assets, held approximately $2 billion across various Bitcoin ETFs. Their largest allocation was in BlackRockโs iShares Bitcoin Trust (IBIT), with a whopping $844 million.
Other big players like Elliott Capital and Apollo Management Holdings also disclosed stakes in Bitcoin ETFs. This follows the surprising disclosure of a $161 million allocation from the State of Wisconsin.
What does this mean for the future of Bitcoin and cryptocurrency? Share your thoughts below! ๐