Exclusive: Millennium, the institution holding the most BTC ETFs in Q1, reduced its BTC ETF holdings in Q2, decreasing its asset scale by over 40%
ChainCatcher news, according to the 13-F filing submitted by Millennium Management to the SEC's official website, Millennium held BlackRock's IBIT, Grayscale's GBTC, Bitwise's BITB, Fidelity's FBTC, and ARK's ARKB in the second quarter. The total assets held in Bitcoin spot ETFs were approximately $1.14 billion, compared to about $2 billion in the first quarter, making it the institution with the largest holdings in spot BTC ETFs in the first quarter.Millennium reduced its Bitcoin ETF holdings by over 40%, with IBIT down 48%, FBTC down 14%, GBTC down 52%, and BITB up 71%. The largest reduction was in IBIT, which decreased by 9.98 million shares, approximately $470 million (details in the chart below).It is reported that Millennium Management was founded in 1989 and is known for its multi-strategy hedge funds. The total assets in Q1 were $234 billion, slightly decreasing to $215.9 billion in Q2, with its cryptocurrency investments accounting for less than one percent.