Point72, JP Morgan, Millennium Management, and others have disclosed their exposure to spot Bitcoin ETFs. Inflows from company investments have reached a total of $1.3 billion in the last two weeks. Bitcoin ETFs put together strong inflows in May to offset the outflows in April. Billionaire Steve Cohen's Point72 held $77.5 million in spot Bitcoin ETFs.
Read more:Vanguard CEO shoots down possibility of launching spot BTC ETF despite firms disclosing $100M+ in assets Notably, according to data from bitcoin brokerage firm River, 13 out of the top 25 hedge funds in the US bought into spot Bitcoin ETFs. A majority of the nation's largest hedge funds are betting on #Bitcoin With the introduction of Bitcoin ETFs, institutions have run out of reasons to say no to sound money pic.twitter.