The 701 new fund reports a holding of spot Bitcoin ETFs, bringing the total number of holders to nearly 1,950.
Powered by ChatGPTDeepChain TechFlow news, according to Bloomberg, institutional investors continue to invest heavily in direct Bitcoin ETFs.
According to the analysis of the second-quarter filings of the U.S. Securities and Exchange Commission, well-known hedge funds such as Millennium Management hold at least five Bitcoin ETFs. Despite Millennium Management significantly reducing its ETF holdings from the previous quarter, it remains the largest holder for most funds, including BlackRock's iShares Bitcoin Trust (IBIT). Capula Investment Management, Schonfeld Strategic Advisors, and Point72 Asset Management also reported holding these ETFs. Other buyers include the Wisconsin Investment Board and multinational market makers. Hedge fund Hunting Hill Global Capital has been involved in cryptocurrencies since 2016 and currently holds IBIT.
Bloomberg data shows that after the deadline for the submission of the second-quarter 13F reports to the U.S. Securities and Exchange Commission on Thursday Beijing time, 701 new funds reported holdings of spot Bitcoin ETFs, bringing the total number of holders to nearly 1,950 funds.