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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.

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