US Hedge Funds Embrace Bitcoin ETFs ️
New findings from Bitcoin brokerage firm River unveil that major US hedge funds have pooled their resources to amass billions of dollars in BTC exchange-traded (ETF) shares.
Hedge Funds and RIAs Join Bitcoin Bandwagon ?
- River shared on X that 12 of the top 25 US hedge funds have over $2.6 billion in Bitcoin ETF exposure, along with 11 of the largest 25 Registered Investment Advisors (RIAs).
- Despite Bitcoin being a $1 trillion asset class, these funds have significant exposure to the digital currency.
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Top Hedge Funds with Bitcoin ETFs ?
- Key hedge funds with Bitcoin ETFs as of March 31st include Millennium Management, Citadel Investment Group, Mariner Investment Group, Renaissance Tech, and Point72 Asset Management, as per River.
- Hundreds of RIAs have also invested billions in Bitcoin ETFs, with 405 advisors managing over $1 billion in assets collectively allocating $2.5 billion to Bitcoin ETFs.
Bitcoin Price and Market Outlook ?
- Bitcoin is currently trading at $67,066, experiencing a slight decline over the past 24 hours.
Stay Informed and Connected ?
“Twelve of the largest 25 US hedge funds collectively have over $2.6 billion Bitcoin ETF exposure. Eleven of the largest 25 Registered Investment Advisors (RIAs) also have exposure. All while Bitcoin is just a $1 trillion asset class.”-
River
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Hot Take ?
US hedge funds and RIAs are actively embracing Bitcoin ETFs, collectively pouring billions into the digital asset market. The significant exposure to Bitcoin reflects growing confidence in its potential as a lucrative investment option.
