• JP Morgan, Point72, Millennium Management, and additional parties have revealed their exposure to exchange-traded Bitcoin ETFs.
• Over the past two weeks, firm investment inflows have totaled $1.3 billion.
• Strong inflows into Bitcoin ETFs in May more than offset April’s outflows.

$77.5 million worth of spot Bitcoin ETFs were held by billionaire Steve Cohen’s Point72. This occurred at the same time that financial firms saw a significant inflow of capital into spot Bitcoin ETFs in May, more than compensating the withdrawals seen in April.

Prominent financial institutions disclose their exposure to specific Bitcoin exchange-traded funds

Over the past week, some financial institutions have revealed their exposure to Spot Bitcoin ETFs, including Point72, JP Morgan, Millennium Management, and others. Perhaps connected to their most recent quarterly reports is this disclosure.

With $2 billion in total holdings in spot Bitcoin ETFs, the largest investor is billionaire Izzy Englander’s Millennium Management.

The spike in investments has been especially notable; according to recent data, inflows into Bitcoin ETFs have increased significantly, totaling a whopping $700 million over the last three days. Over the past two weeks, firm investments have brought in a total of $1.3 billion.

Though he acknowledged the huge impact of the recent inflows, Bloomberg analyst Eric Balchunas voiced confidence regarding the prospects for Bitcoin ETFs in a post on X.

“The bitcoin ETFs have put together a solid two weeks with $1.3b in inflows which offsets the entirety of the negative flows in April — putting them back around the high water mark of +$12.3b nett since launch,” stated Balchunas.

He went on to emphasize the enormous potential that this offers for Bitcoin ETFs in the upcoming weeks in an interview with Bitcoin River.