Bitcoin ETF Holders

During the first quarter, Apollo Management was another purchaser in the spot bitcoin ETF market

Many prominent names have disclosed new allocations into the spot bitcoin exchange-traded funds.

On Wednesday, the deadline for institutional investors to submit their quarterly 13F report to the United States Securities and Exchange Commission, which reveals positions held as of March 31, 2024, was reached.

After the unexpected admission on Tuesday that the state of Wisconsin had allocated 186 million dollars, it was discovered that more investment whales had contributed to the remarkable success of the exchange-traded funds (ETFs).

According to its statement, the hedge fund Millennium Management, which has over $64 billion in assets under management, held around $2 billion in various spot bitcoin exchange-traded funds throughout the period in question.

The largest investment available to the hedge fund under the direction of billionaire Izzy Englander is BlackRock’s iShares Bitcoin Trust (IBIT). Additionally, it held holdings in ARK/21’s ARKB and Bitwise’s BTW, in addition to more than $800 million of the Fidelity Wise Origin Bitcoin Fund (FBTC) and $202 million of Grayscale’s Bitcoin Trust (GBTC). The company owned both of these funds.

Elliott Capital, owned by Paul Singer and is another prominent hedge fund, stated that it had a holding in BlackRock’s IBIT that was close to twelve million dollars as of the end of the quarter.

Last but not least, Apollo Management Holdings revealed that it had a holding in ARKB worth $53.2 million as of the end of the quarter.

Aristeia Capital and Hudson Bay Capital are noteworthy names that disclosed on Wednesday that they have allocated money into spot Bitcoin funds.