Over 50% of the largest US hedge funds have invested in spot Bitcoin ETFs, according to River’s latest report. This trend shows a significant shift in institutional interest towards cryptocurrency.
Among the top 25 US hedge funds, 13 have disclosed their Bitcoin ETF holdings. Millennium Management leads this group, holding 27,263 BTC valued at $1.65 billion. In 2024, over 600 companies revealed investments in Bitcoin ETFs, totaling more than $3.5 billion.
This surge highlights the growing acceptance of Bitcoin as a long-term investment. In 2023, the average US business held 2.5 BTC; this number has since risen to 4 BTC. Analysts note that most institutional investors plan to hold onto their Bitcoin assets long-term.
This increasing institutional interest in Bitcoin ETFs marks a major endorsement of cryptocurrency, potentially solidifying Bitcoin’s role in the global financial system.
