Odaily Planet Daily News 🌟 The latest 13F filing submitted to the US SEC reveals hedge funds and large banks' strategy adjustments towards major Bitcoin ETFs in the third quarter, showing the increasing popularity of crypto-supported assets. According to Fintel data, as of September 30, nearly 700 institutions held 160.2 million shares of BlackRock IBIT, managing assets totaling $42 billion.

Millennium Management continues to be optimistic about Bitcoin, increasing its holdings by 12.6 million shares of IBIT, bringing its total position to 23.5 million shares, valued at $848 million. Meanwhile, European hedge fund Capula has also increased its stakes in IBIT and FBTC.

However, some investors chose to reduce their holdings, with Steve Cohen's Point72 exiting its positions in IBIT and FBTC. Nonetheless, Goldman Sachs continues to increase its holdings in IBIT, consolidating its position as the second-largest holder. The future of Bitcoin remains promising! 🚀