Bitcoin

Show

Hedge

<ul class="wp-block-list news-points"> 
 <li>The total number of hedge funds holding Bitcoin ETFs has reached 1,950, with 701 funds newly added to the list.</li> 
 <li>Millennium Management remains the top contender, although it has reduced its position in FBTC, IBIT, and GBTC.</li> 
 <li>Noelle Acheson comments that the growing demand for ETFs is encouraging, considering the bear market.</li> 
</ul> 
A Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-08-15/more-hedge-funds-buy-bitcoin-etfs-as-institutional-demand-grows?utm_source=google&amp;utm_medium=bd&amp;cmpId=google" target="_blank" rel="nofollow">report has revealed</a> that the number of hedge funds holding Bitcoin exchange-traded funds (ETFs) has grown to 1,950, with 701 new funds adding spot Bitcoin ETFs to their holdings. Top buyers include Millennium Management, Capula Investment Management, Schonfeld Strategic Advisors, and Steven Cohen’s Point72 Asset Management. 
The Securities and Exchange Commission (SEC) approved 11 asset managers’ applications to launch their Bitcoin ETFs in January 2024. Since then, there has been a growing interest in Bitcoin ETFs amidst the highly volatile crypto market. While the ETF launch and its subsequent developments have significantly impacted the market, with Bitcoin reaching a new all-time high (ATH) of <a href="https://coinmarketcap.com/" target="_blank" rel="nofollow">$73K</a> in March, hedge funds and banks started investing in the ETFs. 
Following the final submission of the 13F reports on Wednes…
The post <a href="https://coinedition.com/hedge-funds-pile-into-bitcoin-etfs-13f-filings-show/">Hedge Funds Pile into Bitcoin ETFs, 13F Filings Show</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Hedge Funds Pile into Bitcoin ETFs, 13F Filings Show

Coin Edition

Other articles published on Aug 16, 2024

Cantor Fitzgerald CEO to co-lead Trump transition team

WazirX Is Back, But You Still Can’t Get Your Money Out

Sea of red in crypto: Celestia, WIF, Ethena, and Sui lead losses

Franklin Templeton Unveils U.S. Money Fund on Arbitrum

Chainlink Services Go Live on Base: Data Streams and VRF Now Officially Integrated with Coinbase’...

$5,000 to $500,000: How a Korean Scientist Won Big with Cardano & Why BlockDAG Could Be The Next ...

Join our free newsletter for daily crypto updates!