6 in 10 High Hedge Funds Now Personal Bitcoin ETFs

• 60% of high 25 hedge funds, together with main gamers, now maintain Bitcoin ETFs.
• This development indicators rising acceptance of Bitcoin and cryptocurrencies amongst conventional traders.
• Hedge funds’ embrace of Bitcoin ETFs displays a shift in funding methods in the direction of digital property.

Main hedge funds have elevated their Bitcoin ETF holdings, with 60% of the highest 25 hedge funds now proudly owning a stake in these digital property. This development indicators a rising acceptance of cryptocurrencies amongst institutional traders.

Information reveals that these hedge funds, together with main gamers like Citadel, Millennium, and G.S. Asset Administration, are more and more incorporating Bitcoin ETFs into their funding methods.

Millennium Administration at present has the most important place, holding 27,263 BTC in its ETF portfolio, after including 1,429 BTC throughout the second quarter of 2024. G.S. Asset Administration and Schonfeld Strategic Advisors additionally maintain vital positions, with 6,202 BTC and 6,734 BTC, respectively. Apparently, G.S. Asset Administration acquired its total place in Q2 2024.

Different funds, akin to Mariner Funding Group and Elliot Funding Administration, have al…

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