Hedge fund Millennium reduced its holdings of spot Bitcoin ETFs in Q2, with FBTC reducing its holdings by 14% and IBIT reducing its holdings by 48%.

Odaily Odaily News Trader T posted on the X platform that hedge fund giant Millennium Management reduced its holdings in spot Bitcoin ETFs in the second quarter. Among them, FBTC reduced its holdings by 14%, and its current holdings are worth about US$589 million; IBIT reduced its holdings by 48%, and its current holdings are worth about US$371 million; GBTC reduced its holdings by 52%, and its current holdings are worth about US$82 million. The company increased its holdings in the following products: BITB increased its holdings by 71%, and its current holdings are worth about US$65 million; MSTR (MicroStrategy stock) increased its holdings by 8837%, and its current holdings are worth about US$121 million.