Izzy Englander’s Millennium, Paul Singer’s Elliott Among Bitcoin ETF Holders

As a crypto investor, I closely monitor institutional investment trends in the traditional stock market. And this past week, an important deadline arrived: institutions had to submit their 13F reports to the SEC by Wednesday, disclosing their holdings as of March 31, 2024. These reports provide valuable insights into the strategic moves of large investors, helping me gauge potential market trends and adjust my own investment strategies accordingly.

As a researcher uncovering recent financial news, I came across an unexpected revelation on Tuesday: the State of Wisconsin had allocated a significant sum of $161 million towards Exchange-Traded Funds (ETFs). This disclosure drew further attention to these funds, resulting in even more prominent investors, often referred to as “whales,” expressing interest and contributing to their success.

According to a recent filing, hedge fund Millennium Management, which manages over $64 billion in assets, owns approximately $2 billion worth of shares in various spot Bitcoin exchange-traded funds (ETFs).

At the end of the last quarter, Elliott Capital, led by prominent hedge fund manager Paul Singer, reported holding close to 12 million dollars’ worth of shares in BlackRock’s iShares Broad US Aggregate Bond ETF (IBIT).

Finally, Apollo Management Holdings disclosed a quarter-end $53.2 million stake in ARK/21’s ARKB.

As a financial analyst, I’ve observed some notable investors disclosing their allocation to Bitcoin spot funds on Wednesday. Among them are Aristeia Capital and Hudson Bay Capital.