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

More big names have announced allocations to spot Bitcoin exchange-traded funds.

Wednesday was the deadline for institutional investors to file quarterly 13F reports with the U.S. Securities and Exchange Commission, revealing positions held as of March 31, 2024.

Following the surprising announcement of a $161 million allocation from the State of Wisconsin on Tuesday, it became clear that more investment whales were part of the unprecedented success of ETFs.

Hedge fund Millennium Management, which has more than $64 billion in assets under management, held nearly $2 billion in a series of spot Bitcoin ETFs, according to its filing.

The hedge fund run by billionaire Izzy Englander had its largest allocation in BlackRock’s iShares Bitcoin Trust (IBIT), with about $844 million. He also owned more than $800 million in Fidelity Wise Origin Bitcoin Fund (FBTC) and more than $202 million in Grayscale’s Bitcoin Trust (GBTC), as well as shares in ARK/21’s ARKB and Bitwise’s BITW.

Another major hedge fund, Paul Singer’s Elliott Capital, disclosed a stake of about $12 million in BlackRock’s IBIT as of quarter-end.

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

Other important names that announced on Wednesday that they allocated their assets to spot bitcoin funds are Aristeia Capital and Hudson Bay Capital.