Top United States Hedge Funds, 13 Out of 25 Invested In Spot Bitcoin ETFs

Img src

There are 25 major hedge funds in the United States. And 13 of the hedge funds out of this 25, have gotten involved with the cryptocurrency markets, and have purchased the Bitcoin ETFs in the beginning of 2024.

One of the bigger hedge funds, called Point72, which has about $34 billion under its control, in assets; has announced that it's involved in cryptocurrency, and that it had purchased Fidelity Wise Origin Bitcoin Funds (FBTC).

Point72 had bought about $77 million in value of FBTC, during the beginning of 2024. And this aligns with the current movement, in which the top hedge funds, have been revealing their investment in cryptocurrency by acquiring spot Bitcoin ETFs.

Some of the notable hedge funds that have declared their investment in the cryptocurrency industry are: Paul Singer's Elliot Capital, Izzy Englander's company Millenium Management, Schonfeld, and Fortress Investment Firm.