FN London

Financial News

News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Hedge Funds

Millennium, Schonfeld cut bitcoin ETF holdings

Izzy Englander’s Millennium Management has reduced its spot bitcoin ETF holdings by 40% after an initial surge from hedge funds

By Bilal Jafar
Digital asset spot ETFs launched to much fanfare earlier this year, but some major investors are now pulling back
Digital asset spot ETFs launched to much fanfare earlier this year, but some major investors are now pulling back Photo: Michael Nagle/Getty Images

US hedge funds Millennium Management and Schonfeld Strategic Advisors have cut their spot bitcoin ETF holdings.

New York-headquartered Millennium, which manages over $68bn in assets, has reduced its bitcoin ETF holdings from roughly $1.9bn in the first quarter to $1.15bn in the second, according to its latest Securities and Exchange Commission filing.

WSJ Logo
GQG Launches Buyback After Stock Tumbles on Adani Probe

GQG Launches Buyback After Stock Tumbles on Adani Probe

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade