More than half of the top US hedge funds have disclosed exposure to Bitcoin spot ETFs

BlockBeats news, July 3, according to Cointelegraph, in the past year, more than half of the top US hedge funds disclosed that they have held newly launched Bitcoin spot ETFs, as BTC/USD significantly outperformed major stocks and indexes.

One of the hedge funds allocated 2.5% of its portfolio to Bitcoin. Data from investment company River showed that as of the end of the first quarter of 2024, 13 of the top 25 hedge funds in the United States had Bitcoin spot ETF exposure.

Millennium Management holds 27,263 BTC worth $1.69 billion, accounting for about 2.5% of its total assets under management of $67.7 billion.