Asia Tech Wire (Aug 16) -- Hedge funds, pension funds, and banking institutions continued to pour money into spot bitcoin ETFs in the second quarter of this year, regulatory filings show.

Some of the well-known hedge funds that invested in spot bitcoin ETFs include Millennium Management, Capula Investment Management, Schonfeld Strategic Advisors, and Point72 Asset Management under hedge fund bigwig Steven Cohen.

Of these, Millennium Management, which manages $68 billion in assets, holds at least five spot bitcoin ETFs. While the firm's ETF holdings shrank quarter-over-quarter, it remains a significant holder of most funds such as BlackRock's iShares Bitcoin Trust (IBIT).

Estimates suggest that IBIT has been able to expand to $20 billion after spot bitcoin ETFs attracted a cumulative $17 billion in net inflows since its launch in January.