Millennium Management Discloses $2 Billion Investment in Spot Bitcoin ETFs

Millennium Management, an investment management company, has disclosed holdings of nearly $2 billion in spot Bitcoin ETFs through an SEC 13F-HR institutional investment manager holdings report filed today. 

This disclosure highlights the growing interest and investment in Bitcoin ETFs by major institutional players.

The firm reported owning a combined total of $1,942,591,163 in various Bitcoin ETFs:

• $844,181,820 in BlackRock's iShares Bitcoin Trust
• $806,640,303 in Fidelity Wise Origin Bitcoin Fund
• $202,029,915 in Grayscale Bitcoin Trust
• $45,001,320 in ARK 21Shares Bitcoin ETF
• $44,737,805 in Bitwise Bitcoin ETF

Millennium Management's large investment follows the State of Wisconsin Investment Board (SWIB) disclosing its holdings of nearly $100 million in BlackRock's spot Bitcoin ETF (IBIT) and $62 million in Grayscale's GBTC. 

This trend indicates a growing interest among major financial entities in including Bitcoin ETFs in their portfolios.

The recent surge in 13F filings has seen various institutions announcing their Bitcoin ETF holdings, including traditional financial giants such as JPMorgan Chase. 

JPMorgan, the largest bank in the United States, recently disclosed its own holdings in spot Bitcoin ETFs and noted its role as a market maker for these investment vehicles.

This trend reflects a broader acceptance and integration of Bitcoin into mainstream financial markets.

Bitcoin ETFs, which offer a regulated and accessible way for institutions to gain exposure to Bitcoin without holding the asset directly, have been gaining traction since their launch in the United States earlier this year.