Millennium Management, a highly successful hedge fund, has disclosed its significant investment in spot bitcoin exchange-traded fund (ETF) shares, amounting to nearly $2 billion. The firm, founded by Israel “Izzy” Englander in 1989, currently manages $64 billion in assets under management (AUM). The spot bitcoin ETF shares held by Millennium come from various crypto funds, including FBTC, IBIT, ARKB, BITB, and GBTC, with a significant portion allocated to Blackrock’s IBIT. With an impressive track record of delivering average annual returns of around 14% over the past three decades, Millennium is recognized as one of the world’s largest hedge funds based on AUM.
In addition to Millennium, another major player, Morgan Stanley, has also disclosed its exposure to spot bitcoin ETFs. The New York-based financial services company was established by Henry Sturgis Morgan in 1935 and currently holds approximately $270 million in spot bitcoin ETF shares, specifically from Grayscale’s Bitcoin Trust (GBTC). This news of prominent financial giants entering the bitcoin space through ETFs has been welcomed by the crypto community. Morgan Stanley and Millennium join the ranks of well-known firms such as Susquehanna, Wells Fargo, JPMorgan, PNC Bank, and Truist Financial in holding spot bitcoin ETF shares.
Moreover, it has been revealed that Edmond de Rothschild Holding S.A., affiliated with the renowned Rothschild banking family’s French branch, also possesses spot bitcoin ETFs. The disclosure was made through the company’s 13F statement filed with the U.S. Securities and Exchange Commission (SEC). As per regulatory requirements, any institutional investment manager with over $100 million in qualifying assets under management must report to the SEC and disclose their holdings.
We invite you to share your thoughts and opinions on Morgan Stanley and Millennium’s disclosure of exposure to spot bitcoin ETF shares in the comments section below.
