A Bloomberg report has revealed a significant increase in hedge funds holding Bitcoin exchange-traded funds (ETFs). The number has grown to 1,950, with 701 new funds adding spot Bitcoin ETFs to their portfolios.
Top buyers cited in the report are Millennium Management, Capula Investment Management, Schonfeld Strategic Advisors, and Steven Cohen's Point72 Asset Management.
The surge in interest follows the Securities and Exchange Commission (SEC) approval, which likely played a pivotal role in attracting these institutional investors.
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