13 of the top 25 U.S. hedge funds already have exposure to Bitcoin ETFs

Odaily News Data from River statistics show that as of the end of the first quarter of 2024, 13 of the top 25 hedge funds in the United States have exposure to Bitcoin ETFs. Among them, Millennium Management, which owns 27,263 BTC, equivalent to approximately US$1.69 billion, accounts for approximately 2.5% of its total assets under management (valued at US$67.7 billion). Other important players include Schonfeld Strategic Advisors (holding 6,734 BTC) and Point72 Asset Management (holding 1,089 BTC). In contrast, some top hedge funds, such as Bridgewater Associates, AQR Capital Management, and Balyasny Asset Management, have not yet invested in Bitcoin ETFs. (Cointelegraph)