- 60% of the highest 25 hedge funds, together with the key gamers, now maintain Bitcoin ETFs.
- This development indicators the rising acceptance of Bitcoin and cryptocurrencies amongst mainstream buyers.
- Hedge fund adoption of Bitcoin ETFs displays a shift in funding methods towards digital property.
Main hedge funds have elevated their holdings of Bitcoin ETFs, with 60% of the highest 25 hedge funds now proudly owning a stake within the digital asset. This development indicators the rising acceptance of cryptocurrencies amongst institutional buyers.
The info reveals that these hedge funds, together with main gamers like Citadel, Millennium and GS Asset Administration, are more and more incorporating Bitcoin ETFs into their funding methods.
The most important place is presently held by Millennium Administration, which holds 27,263 BTC in its ETF portfolio, after including 1,429 BTC through the second quarter of 2024. GS Asset Administration and Schonfeld Strategic Advisors additionally maintain important positions with 6,202 BTC and 6,734 BTC. Apparently, GS Asset Administration acquired its total place in Q2 2024.
Different funds, reminiscent of Mariner Funding Group and Elliot Funding Administration, have…
The submit 6 of High 10 Hedge Funds Now Personal Bitcoin ETFs appeared first on Coin Version.
