The world's largest asset management company, #BlackRock⁩ , is looking to form a partnership with hedge fund giant Millennium Management, which is presented as the "$BTC ETF King" due to its large investments in Bitcoin ETFs.

It has been learned that BlackRock, the world's largest asset management company with 11.5 products under its management, is looking to form a merger partnership with Millennium Management, one of the most profitable hedge fund vendors.

According to the Financial Times, which is based on sources who have knowledge of the subject but want to keep it confidential, the talks between the two companies are still in the early stages and may not result in an agreement.

Millennium Management has made a name for itself with the large transactions it has made, especially in Bitcoin ETFs. While the total amount invested in ETFs on May 16 was only $12 billion, Millennium alone accounted for $2 billion of this figure. Bloomberg's recent ETF analyst Eric Balchunas described Millennium as the "Bitcoin ETF King."

It is not known whether this harmonious partnership desire has been conveyed to B Millennium’s Bitcoin ETF investments. According to the news, if the company is a partner in a share sale to BlackRock, it will be the first external investment in Millennium’s 35-year history.

Millennium, headed by 76-year-old Izzy Englander, employs 5,900 people and manages approximately 70 billion units of assets.

BlackRock CEO Larry Fink had identified alternative investments as the brilliance that would be created because they are more profitable than traditional investment funds. With these developments, BlackRock acquired Global Infrastructure Partners and alternative data providers Preqin, and also carried out with private credit company HPS.

#BTC #binance #FedRateStrategy #ETF