{"id":132361,"date":"2024-07-03T18:14:59","date_gmt":"2024-07-03T15:14:59","guid":{"rendered":"https:\/\/cryptodnes.bg\/eng\/?p=132361"},"modified":"2024-07-03T18:14:59","modified_gmt":"2024-07-03T15:14:59","slug":"over-half-of-us-hedge-funds-hold-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/over-half-of-us-hedge-funds-hold-bitcoin\/","title":{"rendered":"Over Half of US Hedge Funds Hold Bitcoin"},"content":{"rendered":"
This interest has picked up significantly, especially given how BTC\/USD continues to outperform the major stocks.<\/p>\n
According to\u00a0the data<\/a>\u00a0<\/strong>of investment firm River 13 of the 25 largest US hedge funds have allocated funds to Bitcoin ETFs by the first quarter of 2024 Millennium Management\u00a0leads with 27,263 BTC<\/strong> worth $1.69 billion, which represents 2.5% of their total assets of $67.7 billion. Notably absent are firms such as Bridgewater Associates and AQR Capital Management.<\/p>\n At the same time, American corporations who see that cash reserves\u00a0reach<\/a>\u00a0<\/strong>peak of $4.11 trillion in the first quarter of 2024, are beginning to allocate portions of\u00a0Bitcoin<\/a>\u00a0<\/strong>or Bitcoin ETF.<\/p>