In the US, hedge funds are redistributing capital in favor of Bitcoin 🪙

In the US, cue ball positions are also accumulating.

More than 50% of American hedge funds have decided to invest part of their capital in spot BTC ETFs.

They are attracted by returns that cannot be compared with stocks and indices.

According to River, 13 of the 25 largest US hedge funds became investors in Bitcoin ETFs by the end of the first quarter.

Millennium Management invested 2.5% of its total capital in crypto, namely $1.69 billion.

Schonfeld Strategic Advisors and Point72 Asset Management also became holders of $BTC through a crypto ETF.

But Bridgewater Associates, AQR Capital Management and Balyasny Asset Management have not yet decided to invest in Bitcoin ETFs.

In the first half of the year, Bitcoin returned almost 94%, the S&P 500 rose 23%, and the Dow Jones rose 14%.

The only shares that managed to outperform the crypt were Nvidia shares, shooting up 150%, while the rest of the IT giants gave way to Bitcoin.