More Than Half of Top U.S. Hedge Funds Have Disclosed Having Bitcoin Spot ETF Exposure
On July 3, more than half of the top U.S. hedge funds disclosed that they have held newly launched bitcoin spot ETFs over the past year, as BTC/USD has significantly outperformed major stocks and indices, according to Cointelegraph.
One of the hedge funds has allocated 2.5% of its portfolio to Bitcoin. As of the end of the first quarter of 2024, 13 of the top 25 hedge funds in the U.S. had exposure to the Bitcoin Spot ETF, according to investment firm River.
Millennium Management's holdings of 27,263 BTC are worth $1.69 billion, or about 2.5 percent of its total assets under management of $67.7 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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