Millennium Management’s Bitcoin And Ethereum ETFs Purchased In Q4 Suffer $22.7 Million Loss Amid Crypto Slump
Posted On April 17, 2025
Israel Englander‘s Millennium Management purchased Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) exchange-traded funds in the fourth quarter, according to a February 14 13F-HR filing with the U.S. Securities and Exchange Commission, but these investments have significantly declined in value.
What Happened: The $75 billion hedge fund acquired positions in the Grayscale Bitcoin Mini Trust ETF and the Grayscale Ethereum Mini Trust ETF, which have both suffered substantial losses as of Wednesday.
The firm’s 768,911 units of the Bitcoin ETF dropped from $43.11 to $37.38 per unit, resulting in a value drop from $33.1 …
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