According to investment firm River, as of the end of Quarter 1, 2024, 13 of the top 25 hedge funds in the United States had Bitcoin ETF exposure. Notable among them is Millennium Management, which has 27,263 BTC worth $1.69 billion, or about 2.5% of its total assets under management (worth $67.70 billion). Other significant players include Schonfeld Strategic Advisors (holding 6,734 BTC) and Point72 Asset Management (holding 1,089 BTC). In contrast, some of the top hedge funds, such as Bridgewater Associates, AQR Capital Management, and Balyasny Asset Management, have not yet invested in Bitcoin ETFs.