Hedge Funds and Banks Boost Bitcoin ETF Holdings Amid Market Surge

Institutional investors increase exposure to Bitcoin ETFs as prices hit record highs following Trump's election.

Hedge funds like Millennium, Capula, and Tudor have significantly increased their holdings in U.S. spot Bitcoin ETFs, capitalizing on arbitrage opportunities.
The election of Donald Trump, who supports cryptocurrency, has contributed to Bitcoin reaching an all-time high of over $90,000.
Goldman Sachs has expanded its Bitcoin ETF holdings to $710 million, reflecting growing institutional interest in digital assets.
The Bitcoin basis trade, involving buying spot Bitcoin and shorting futures, has gained traction among hedge funds due to a price gap.
Institutional investors are expected to further increase their Bitcoin ETF allocations in response to a pro-crypto regulatory environment.