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Millennium, Point72 and Citadel Are Among Buyers of Bitcoin ETFs
When it comes to Bitcoin ETFs, it’s not just the retail trading crowd that’s taking the plunge. It’s now clear that hedge funds, pension funds and banks have also sprinkled capital into the exchange-traded funds after their blockbuster debut that was more than a decade in the making. Among the most well-known buyers that have emerged are hedge funds like Millennium Management, which held around $2 billion worth of shares in at least four Bitcoin ETFs, as well as Steven Cohen’s Point72 Asset Management, Elliott Investment Management and Citadel Advisors. Others ranged from the State of Wisconsin Investment ... (full story)