Major Investment Firms Disclose Significant Spot Bitcoin ETF Holdings in Q1 Filings

The excitement surrounding Bitcoin ETF investments from traditional financial firms continues to grow, with Millennium Management and Schonfeld Strategic Advisors making headlines in the first quarter with their multi-billion dollar investments.

Millennium Management made a total investment of $1.9 billion in spot Bitcoin ETFs, with significant stakes in BlackRock’s IBIT, Fidelity’s FBTC, Grayscale’s GBTC, Ark’s ARKB, and Bitwise’s BITB. Schonfeld Strategic Advisors also disclosed a sizable investment of $479 million in IBIT and FBTC.

These investments place both firms at the top of the list for largest IBIT and FBTC holders, showcasing their confidence in the potential of Bitcoin ETFs. With Millennium managing $69 billion in assets and Schonfeld overseeing $13 billion, their entry into the Bitcoin ETF market is a significant development.

The filing deadline for 13F submissions brought several other firms into the spotlight, including Morgan Stanley, which revealed its investment in GBTC. Bitwise’s CIO estimated that over 700 professional companies would invest nearly $5 billion by the deadline, emphasizing the growing interest in Bitcoin ETFs among institutional investors.

The total assets under management for all available spot Bitcoin ETFs now stand at $53 billion, with $12 billion in cumulative inflows. With retail investors also playing a significant role in driving these numbers, the future looks promising for the Bitcoin ETF market.

As more financial firms enter the space and the regulatory landscape continues to evolve, the potential for Bitcoin ETFs to become a mainstream investment option is becoming increasingly clear. Stay tuned for more updates on this rapidly developing market.