More
big
names
have
revealed
allocations
into
the
spot
bitcoin
exchange-traded
funds.
Wednesday
marked
the
deadline
for
institutional
investors
to
file
their
quarterly
13F
report
with
the
U.S.
Securities
and
Exchange
Commission,
revealing
positions
held
as
of
March
31,
2024.
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Is
the
U.S.
Economy
in
a
Stagflation?
After
Tuesday’s
surprising
disclosure
of
a
$161
million
allocation
from
the
State
of
WIsconsin,
more
investment
whales
turned
out
to
have
been
part
of
the
unprecedented
success
of
the
ETFs.
Hedge
fund
Millennium
Management,
with
more
than
$64
billion
in
assets
under
management,
held
roughly
$2
billion
across
a
number
of
the
spot
bitcoin
ETFs,
according
to
its
filing.
The
hedge
fund,
which
is
led
by
billionaire
Izzy
Englander,
held
its
biggest
allocation
in
BlackRock’s
iShares
Bitcoin
Trust
(IBIT),
roughly
$844
million.
It
also
owned
more
than
$800
million
of
the
Fidelity
Wise
Origin
Bitcoin
Fund
(FBTC)
and
$202
million
of
Grayscale’s
Bitcoin
Trust
(GBTC),
as
well
as
stakes
in
ARK/21’s
ARKB
and
Bitwise’s
BITW.
Another
major
hedge
fund,
Paul
Singer’s
Elliott
Capital
disclosed
a
stake
of
nearly
$12
million
in
BlackRock’s
IBIT
as
of
the
end
of
the
quarter.
Finally,
Apollo
Management
Holdings
disclosed
a
quarter-end
$53.2
million
stake
in
ARK/21’s
ARKB.
Other
notable
names
who
revealed
allocating
assets
into
the
spot
bitcoin
funds
on
Wednesday
are
Aristeia
Capital
and
Hudson
Bay
Capital.
