Hedge fund Millennium Management reduced its spot bitcoin ETF position in Q2, reducing its grey release GBTC holdings by 52%.

According to Millennium Management's second-quarter 13-F filing with the SEC, hedge fund Millennium Management reduced its position (reported value) in spot bitcoin ETFs in the second quarter. FBTC, -14%, owns 589 million USD; IBIT, -48%, with $371 million; GBTC, -52%, owns $82 million; BITB, + 71%, with $65 million; MSTR, + 8837%, holds $121 million.