ChainCatcher reported that according to Cointelegraph, data from investment company River showed that as of the end of the first quarter of 2024, 13 of the 25 largest hedge funds in the United States had Bitcoin ETF exposure.
Among them, Millennium Management holds 27,263 bitcoins, worth $1.69 billion, accounting for about 2.5% of its total assets under management (worth $67.7 billion). Other hedge funds with large bitcoin holdings include Schonfeld Strategic Advisors (holding 6,734 bitcoins) and Point72 Asset Management (holding 1,089 bitcoins).
On the other hand, some top hedge funds, such as Bridgewater Associates, AQR Capital Management, and Balyasny Asset Management, have yet to invest in a Bitcoin ETF.
