Breaking: Millennium Management $2B Stake Crown It Largest IBIT, FBTC ETF Holder

Millennium Management has disclosed holdings that make it the largest holder of Bitcoin ETFs, notably the iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC).

This participation is evidenced by the recent SEC filing that shows Millennium Management’s stakes now cover almost $2 billion, which is about 3% of its fund worth $64 billion.

Millennium’s Bitcoin ETF Holdings

The SEC filing of Millennium Management gives a comprehensive overview of its investments in the numerous major Bitcoin ETFs. The company has set aside the sum of $844,181,820 for BlackRock’s iShares Bitcoin Trust which is now the biggest single holding. After that comes the Fidelity Wise Origin Bitcoin Fund, which has got $806,640,303 from Millennium.

The other significant investments are $202,029,915 in the Grayscale Bitcoin Trust and smaller but still important amounts of money in the ARK 21Shares Bitcoin ETF and Bitwise Bitcoin ETF which are equal to $45,001,320 and $44,737805 respectively.

Millennium Management disclosed a ~$2b Bitcoin ETF holding as of Q1, 3% of their $64b fund. Kinda wild

— db (@tier10k) May 15, 2024

This strategic placement of the investments in different ETFs not only spreads out the risks but also shows Millennium’s bullish attitude towards Bitcoin as an asset class.

The company’s choice to intensify the participation in cryptocurrency shows a great faith in the fact that digital currencies will still be incorporated into the mainstream financial system.

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