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Millennium Management Reveals Massive $2B Investment in Bitcoin ETFs

Millennium Management Reveals Massive $2B Investment in Bitcoin ETFs

Millennium Management has emerged as a major player in the realm of Bitcoin ETFs, with holdings totaling nearly $2 billion, representing about 3% of its $64 billion fund.

These holdings encompass various major Bitcoin ETFs, including the iShares Bitcoin Trust and the Fidelity Wise Origin Bitcoin Fund, demonstrating the firm’s robust confidence in Bitcoin as an asset class.

Institutional interest in Bitcoin ETFs is on the rise, as evidenced by significant investments from Boothbay Fund Management and the State of Wisconsin Investment Board, among others.

This trend reflects a broader institutional acceptance of Bitcoin ETFs as viable investment avenues.

READ MORE: Bitcoin (BTC) Surges Above $66,000 Again

Simultaneously, notable price movements in Bitcoin, reaching $66,000 recently, are influenced by factors such as the U.S. Consumer Price Index (CPI) data, which showed a decline in core inflation.

This has prompted investors to view digital assets like Bitcoin as potential hedges against economic volatility.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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