Reported 3 days ago
Hedge funds Citadel LLC and Point72 Asset Management significantly increased their holdings in spot Bitcoin ETFs during the first quarter of 2025, as Bitcoin prices surged to an all-time high. Citadel acquired 2.1 million additional shares in the iShares Bitcoin Trust (IBIT), while Point72 boosted its IBIT stakes by 1.4 million shares. This wave of investment coincided with a broader trend, where investors have funneled $19.4 billion into Bitcoin ETFs this year, amid increasing acceptance of cryptocurrencies as mainstream assets.
Source: YAHOO