- 60% of the highest 25 hedge funds, together with the main gamers, at the moment maintain Bitcoin ETFs.
- This pattern signifies the rising acceptance of Bitcoin and cryptocurrencies amongst conventional traders.
- Hedge funds' adoption of Bitcoin ETFs displays a shift in funding methods towards digital property.
Massive hedge funds have been growing their holdings in Bitcoin ETFs, with 60% of the highest 25 hedge funds now holding shares in these digital property, a pattern that alerts rising acceptance of cryptocurrencies amongst institutional traders.
In line with the information, main hedge funds corresponding to Citadel, Millennium, and GS Asset Administration are more and more incorporating Bitcoin ETFs into their funding methods.
Millennium Administration at the moment holds the most important place with 27,263 BTC within the ETF portfolio, including 1,429 BTC in Q2 2024. GS Asset Administration and Schonfeld Strategic Advisors additionally maintain giant positions with 6,202 BTC and 6,734 BTC, respectively. Curiously, GS Asset Administration acquired its total place in Q2 2024.
Different funds, together with Mariner Funding Group and Elliott Funding Administration…
The article Six of the Prime 10 Hedge Funds Personal a Bitcoin ETF appeared first on Coin Version.
