From Nasdaq

March 27, 2025 03:55 am:

Several hedge fund billionaires increased their positions in the iShares Bitcoin Trust (NASDAQ: IBIT) during the fourth quarter. Israel Englander’s Millennium Management bought 6.3 million shares, Ken Griffin’s Citadel Advisors purchased 1 million shares, David Shaw’s D.E. Shaw acquired 7.4 million shares, and Paul Tudor Jones’ Tudor Investment bought 3.6 million shares.
Institutional investors like Citadel, D.E. Shaw, and Millennium are showing interest in Bitcoin, as indicated by Forms 13F filed in February. These hedge funds are among the most profitable in history, according to LCH Investments.
Bitcoin’s price has dropped from its high of nearly $106,200 in January to $87,500 as of March 26, due to profit-taking and economic uncertainty. However, Wall Street experts predict significant long-term growth for Bitcoin, with price targets ranging from $1 million to $3.8 million by 2030.
The investment thesis for Bitcoin is strong, driven by limited supply and increasing demand. Spot Bitcoin ETFs approved by the SEC are attracting institutional investors, with the iShares Bitcoin Trust receiving over $37 billion in net inflows in its first year. Regulatory changes and potential government involvement further legitimize Bitcoin.
Spot Bitcoin ETFs are unlocking demand among retail and institutional investors, with the current administration’s support for the cryptocurrency industry encouraging market entry. While Bitcoin offers potential gains, investors should be aware of its volatility and associated risks before investing.
Experts recommend considering Bitcoin exposure for portfolios, with the iShares Bitcoin Trust providing a simple way to invest. As demand for Bitcoin grows and regulatory support increases, the cryptocurrency’s price could rise further in the future. Investors should weigh the risks and opportunities associated with Bitcoin investment.
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