Bitcoin | Binance | Millennium Management Adjusts Bitcoin ETF Holdings in Q2 | Crypto News

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According to Odaily, hedge fund giant Millennium Management has made significant adjustments to its Bitcoin ETF holdings in the second quarter. The firm reduced its positions in several spot Bitcoin ETFs, including a 14% decrease in FBTC, bringing its current holding value to approximately $589 million. Additionally, IBIT holdings were cut by 48%, now valued at around $371 million, and GBTC holdings were reduced by 52%, with a current value of about $82 million.

Conversely, Millennium Management increased its positions in other products. The firm boosted its BITB holdings by 71%, now valued at approximately $65 million. Notably, the company significantly increased its holdings in MicroStrategy (MSTR) stock by 8837%, with the current holding value reaching around $121 million.