According to Odaily Planet Daily, Trader T posted on the X platform that hedge fund giant Millennium Management reduced its holdings in spot Bitcoin ETFs in the second quarter. FBTC reduced its holdings by 14%, and its current holdings are worth about $589 million; IBIT reduced its holdings by 48%, and its current holdings are worth about $371 million; GBTC reduced its holdings by 52%, and its current holdings are worth about $82 million.

The firm increased its holdings in the following products: BITB increased its position by 71%, and its current position is worth approximately $65 million; MSTR (MicroStrategy stock) increased its position by 8837%, and its current position is worth approximately $121 million.