๐จ BIG BREAKING NEWS ๐จ
In a recent disclosure, investment management company Millennium Management has revealed holdings of almost $2 billion in spot Bitcoin ETFs. This substantial investment constitutes one of the largest institutional commitments to date1. Here are the details:
BlackRockโs iShares Bitcoin Trust: $844,181,820
ARK 21Shares Bitcoin ETF: $45,001,320
Bitwise Bitcoin ETF: $44,737,805
Grayscale Bitcoin Trust: $202,029,915
Fidelity Wise Origin Bitcoin Fund: $806,640,303
This move by Millennium Management underscores the increasing interest and investment in Bitcoin ETFs by major institutional players. Notably, the State of Wisconsin Investment Board (SWIB) also disclosed holdings of almost $100 million in BlackRockโs spot Bitcoin ETF (IBIT) and $62 million in Grayscaleโs GBTC1. The trend signifies broader acceptance and integration of Bitcoin into mainstream financial markets.
Question: What impact do you think this massive investment will have on the cryptocurrency market? ๐ค
