Millennium Management, a major player in the investment world, has made a significant bet on Bitcoin. The hedge fund has invested nearly $2 billion in Bitcoin ETFs across five different funds. This investment represents a small but notable portion of the fund's total assets, which stand at $64 billion.

As of March 31, the fund held $1.94 billion in Bitcoin ETF shares, spread across several funds. These include ARKB, BITB, GBTC, IBIT, and FBTC. The largest allocation was in BlackRock's iShares Bitcoin Trust, with an investment of approximately $844 million. The fund also invested heavily in the Fidelity Wise Origin Bitcoin Fund, with over $800 million, and had smaller stakes in Grayscale's Bitcoin Trust and the ARK 21Shares Bitcoin ETF and Bitwise Bitcoin ETF Trust.

Despite the size of this investment, it only makes up about 3% of the fund's total assets under management. This information was disclosed in its quarterly filing with U.S. securities regulators. Millennium Management, led by Wall Street veteran Israel Englander, is one of several investment firms showing interest in Bitcoin ETFs. Other notable investors include Apollo Management and Elliott Capital, as institutional investors increasingly turn to these crypto-based funds.