According to a breaking development, Millennium Management company announced that it holds a Bitcoin ETF worth approximately $2 billion, which constitutes 3% of its $64 billion fund as of the 1st quarter.
In recent weeks and months, several more companies have announced investments in spot Bitcoin ETFs. Hightower Advisors and SouthState Bank announced their purchases of Susquehanna International Group, BNP Paribas, Burkett Financial Services and Legacy Wealth Asset Management ETFs.
A few hours ago, Boothbay Fund Management, a well-known and respected investment firm based in New York, announced its significant investments in Bitcoin ETFs. The total value of all this company's reported 13F positions was a staggering $5.2 billion.
Bitcoin price has been on a surprising rally in recent hours, hovering around $66,000 at the time of writing, with a profit rate of over 7% in the last 24 hours.
*This is not investment advice.