Recently, there has been a significant increase in interest from major hedge funds in Bitcoin through spot ETFs. Data shows that around 60% of the 25 largest hedge funds in the U.S. already hold Bitcoin ETFs on their balance sheets, and their positions continue to grow. Among these funds are Millennium Management, Schonfeld Street Advisors, and GS Asset Management. This trend highlights institutional investors’ confidence in Bitcoin despite its volatility. Notably, many of these funds increased their positions in the second quarter of 2024, demonstrating sustained support from major financial players.
