Topic: [2024-05-16] Millennium Management and Morgan Stanley Report ... (Read 131 times)

Millennium Management and Morgan Stanley Report Significant Spot Bitcoin ETF Holdings

According to 13F filings with the U.S. Securities and Exchange Commission (SEC), Millennium Management, a highly successful hedge fund, holds nearly $2 billion in spot bitcoin exchange-traded fund (ETF) shares. This week, it was further revealed that Morgan Stanley, a giant multinational investment and financial services firm, also has exposure to spot bitcoin ETFs.

Top Hedge Fund and Financial Giant Invest in Spot Bitcoin ETFs

Millennium Management, founded in 1989 by Israel “Izzy” Englander, holds $1.94 billion in spot bitcoin ETF shares, as stated in its latest 13F filing. As of March 2024, the firm manages $64 billion in assets under management (AUM).

The spot bitcoin ETF shares held by Millennium come from crypto funds including FBTC, IBIT, ARKB, BITB, and GBTC. Nearly a billion of Millennium’s spot bitcoin ETF holdings are in Blackrock’s IBIT.

Millennium Management and Morgan Stanley Report Significant Spot Bitcoin ETF Holdings

Since its inception in 1989, Millennium has maintained an exceptional track record, delivering average annual returns of around 14% for investors over more than three decades. Millennium is one of the largest hedge funds in the world in terms of AUM.

Additionally, another 13F filing to the SEC indicates that Morgan Stanley also holds spot bitcoin ETFs. Morgan Stanley, a well-known financial services company from New York, was founded by Henry Sturgis Morgan in 1935. The SEC filing shows that Morgan Stanley holds about $270 million in spot bitcoin ETF shares, specifically from Grayscale’s Bitcoin Trust (GBTC).

Crypto community members welcomed the news of these significant financial giants entering the bitcoin space through ETFs. Morgan Stanley and Millennium are joining the likes of well known firms such as Susquehanna, Wells Fargo, JPMorgan, PNC Bank, and Truist Financial in holding spot bitcoin ETF shares.

Recently, it was disclosed that Edmond de Rothschild Holding S.A., linked to the French branch of the renowned Rothschild banking family, also owns spot bitcoin ETFs, according to its 13F statement with the SEC. Any institutional investment managers with over $100 million in qualifying assets under management must file with the U.S. securities regulator and disclose such holdings.

Source: https://news.bitcoin.com/millennium-management-and-morgan-stanley-report-significant-spot-bitcoin-etf-holdings/