New data from Bitcoin brokerage firm River reveals that the largest US hedge funds have combined to accumulate billions of dollars worth of BTC exchange-traded (ETF) shares.

In a new thread on the social media platform X, River says that even though BTC’s market cap is relatively small, many of the largest hedge funds in the US already have significant exposure to the crypto king.

“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.”

Some of the marquee hedge funds that own Bitcoin ETFs as of March 31st include Millennium Management, Citadel Investment Group, Mariner Investment Group, Renaissance Tech and Point72 Asset Management, according to River.

The brokerage firm further notes that hundreds of RIAs have collectively invested billions of dollars in Bitcoin ETFs.

“RIAs have made relatively small allocations. But there are 405 advisors with $1 billion+ in assets that have collectively allocated $2.5 billion to Bitcoin ETFs.”

Bitcoin is trading for $67,066 at time of writing, a fractional decrease during the last 24 hours.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3

The post Largest US Hedge Funds Collectively Own Over $2,600,000,000 in Bitcoin ETF Shares: BTC Brokerage Firm River appeared first on The Daily Hodl.

New data from Bitcoin brokerage firm River reveals that the largest US hedge funds have combined to accumulate billions of dollars worth of BTC exchange-traded (ETF) shares.

In a new thread on the social media platform X, River says that even though BTC’s market cap is relatively small, many of the largest hedge funds in the US already have significant exposure to the crypto king.

“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.”

Some of the marquee hedge funds that own Bitcoin ETFs as of March 31st include Millennium Management, Citadel Investment Group, Mariner Investment Group, Renaissance Tech and Point72 Asset Management, according to River.

The brokerage firm further notes that hundreds of RIAs have collectively invested billions of dollars in Bitcoin ETFs.

“RIAs have made relatively small allocations. But there are 405 advisors with $1 billion+ in assets that have collectively allocated $2.5 billion to Bitcoin ETFs.”

Bitcoin is trading for $67,066 at time of writing, a fractional decrease during the last 24 hours.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3

The post Largest US Hedge Funds Collectively Own Over $2,600,000,000 in Bitcoin ETF Shares: BTC Brokerage Firm River appeared first on The Daily Hodl.