Millennium Administration disclosed holdings of $2.6 billion in Bitcoin ETFs and $182.1 million in Ethereum ETFs in its newest 13F submitting with the SEC.
The hedge fund’s Bitcoin ETF portfolio is unfold throughout a number of funds, with BlackRock’s IBIT representing its largest place at over $844 million, adopted by Constancy’s fund at simply over $806 million.
Different holdings embrace the ARK 21Shares Bitcoin ETF, the Bitwise Bitcoin ETF, and the Grayscale Bitcoin Belief.
The submitting reveals a broader development of institutional crypto investments, with Abu Dhabi’s sovereign wealth fund buying $436.9 million of BlackRock’s spot Bitcoin ETF within the quarter. Goldman Sachs additionally elevated its Bitcoin ETF holdings to $1.5 billion.
In Might 2024, Millennium Administration’s funding in Bitcoin ETFs reached almost $2 billion throughout 5 main funds, representing solely 3% of their complete belongings.
