More than half of the top US investment funds have revealed that they are investing in newly launched Bitcoin ETFs. 🚀

- 13 of the top 25 US investment funds owned Bitcoin ETFs by the end of Q1/2024.

- Millennium Management owns 27,263 BTC worth 1.69 billion USD, accounting for about 2.5% of total assets under management.

- Other major investors include Schonfeld Strategic Advisors (6,734 BTC) and Point72 Asset Management (1,089 BTC).

BTC has outperformed major stocks and major indexes, with returns of around 94% in the first half of 2024. 📈

- Meanwhile, the S&P 500 index increased 23%, Dow Jones increased 14%.

- Apple and Tesla stocks lag Bitcoin, with returns of 10% and -29%.

American companies, including investment funds and businesses, are increasingly confident in considering Bitcoin as a diversified asset and hedge against traditional market risks.

What do you think about Bitcoin's strong growth? Please leave your opinion below in the comments section!#Bitcoin#ETF #investment