A surge of hedge funds and asset managers, including industry giant Millennium Management LLC, have poured in significant capital into the spot Bitcoin Exchange-Traded Funds (ETFs) approved in the United States earlier this year. The move underscores growing institutional interest in cryptocurrency, a once-niche asset class. According to regulatory filings analyzed by Bloomberg ETF analyst […]
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- Industry giant Millennium Management LLC holds nearly $2 billion across various spot Bitcoin ETFs launched earlier this year.
- Bitwise CIO, Matt Hougan, predicts the investor base for these ETFs could reach 700, a significant increase compared to typical launches.
- Hougan described the level of institutional interest as “unprecedented,” highlighting the growing acceptance of Bitcoin within traditional financial markets.
A surge of hedge funds and asset managers, including industry giant Millennium Management LLC, have poured in significant capital into the spot Bitcoin Exchange-Traded Funds (ETFs) approved in the United States earlier this year. The move underscores growing institutional interest in cryptocurrency, a once-niche asset class.
According to regulatory filings analyzed by Bloomberg ETF analyst Eric …
The post Millennium Leads Wall Street Charge into Bitcoin ETFs appeared first on Coin Edition.
