A handful of hedge funds, including Millennium Management LLC, and other asset managers are among the institutions that acquired stakes in the recently launched U.S. exchange-traded funds (ETFs) tied to the price of bitcoin in the first quarter, according to recent regulatory filings. New York-based Millenium revealed it had $2 billion invested in several of the new ETFs as of March 31.
(Reuters) -A handful of hedge funds, including Millennium Management LLC, and other asset managers are among the institutions that acquired stakes in the recently launched U.S. exchange-traded funds (ETFs) tied to the price of bitcoin in the first quarter, according to recent regulatory filings. New York-based Millenium revealed it had $2 billion invested in several of the new ETFs as of March 31.
The advisory vote passed with 58% of shareholder support, a low level that follows major proxy advisors recommending that stockholders vote against it.