Close Menu
    What's Hot

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Aug. 7, 2025

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Telegram
    Chain Tech CatcherChain Tech Catcher
    Subscribe
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano
    • All Posts
    Chain Tech CatcherChain Tech Catcher
    Home ยป Majority of US Hedge Funds Now Hold Bitcoin
    Bitcoin

    Majority of US Hedge Funds Now Hold Bitcoin

    By adminJul. 3, 2024No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Majority of US Hedge Funds Now Hold Bitcoin
    Majority of US Hedge Funds Now Hold Bitcoin
    Share
    Facebook Twitter LinkedIn Pinterest Email

    More than half of the top hedge funds in the United States have disclosed investments in newly launched Bitcoin exchange-traded funds (ETFs) over the past year.

    This interest has significantly increased, especially considering the continued outperformance of BTC/USD compared to major stocks.

    According to data from the first quarter of 2023, River 2024 Investment Corporation, one of the 25 largest hedge funds in the US, has allocated funds to the Bitcoin ETF managed by Millennium Management, leading with 27,263 BTC valued at $169 million, accounting for 67.7% of its total assets of $250 million. It is noteworthy that companies such as Bridgewater Associates and AQR Capital Management are absent.

    Meanwhile, US companies with cash reserves are expected to reach a peak of $2.024 trillion in the first quarter of 2024 and begin allocating a portion of their funds to Bitcoin or Bitcoin ETFs.

    Read more:

    The German government is surprised by its latest Bitcoin purchase.

    This trend reflects increasing confidence in Bitcoin as a diversification tool and as a hedge against market volatility.

    In the first half of 2024, Bitcoin’s return rate reached as high as 2024%, surpassing the gains of stocks such as Apple and Tesla, highlighting its appeal on Wall Street.

    Analysts predict that Bitcoin’s role as a hedge against traditional assets like gold will continue to strengthen, with its market value relative to gold expected to significantly increase by 2025.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleSurge in Activity for Three Altcoin Projects According to Santiment Data
    Next Article Analysts Predict Tesla Stock Price to Surge by 70

    Related Posts

    Bitcoin Market Shows Signs of Cooling in Week 32 as Liquidity Diminishes and Sellers Lose Momentum

    Aug. 6, 2025

    Robert Kiyosaki Anticipates Bitcoin “August Curse” to Cause a Drop Below $90,000

    Aug. 5, 2025

    James Howells Refuses to Abandon $915M Lost Bitcoin, Alters Approach to Tokenized Ownership

    Aug. 5, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 20259 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views

    Cardano ADA Moves Towards 060 Resistance Level

    Aug. 1, 20226 Views
    Don't Miss

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Altcoin Aug. 7, 2025

    Ethereum Surges Amid Institutional DemandEthereum surged 6.63% in the past 24 hours breaking above $…

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025

    Dogecoin Price Forecast: Analysts Anticipate Bullish Momentum Despite Short-term Correction Risks

    Aug. 7, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    About Us
    About Us

    Keep up with blockchain through Chain Tech Catcher. Gain insights on crypto, DApps, & innovations. Stay informed in this evolving landscape!

    X (Twitter) Telegram
    Most Popular

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 20259 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views

    Cardano ADA Moves Towards 060 Resistance Level

    Aug. 1, 20226 Views
    © 2025 Chain Tech Catcher All rights reserved.
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano

    Type above and press Enter to search. Press Esc to cancel.