Millennium Management significantly cuts spot BTC, ETH ETF holdings

Global hedge fund Millennium Management has significantly reduced its holdings in spot Bitcoin and Ethereum ETFs, according to a 13F filing with the U.S. Securities and Exchange Commission. The firm reported that its holdings of BlackRock's spot Bitcoin ETF (IBIT) decreased by 43.8%, from 34.334 million shares at the end of December to 19.287 million shares by the end of March. During the same period, its holdings in BlackRock's spot Ethereum ETF (ETHA) fell by 34.3%, from 25.1 million to 16.5 million shares.