Billionaire Steven Cohen's Point72 Discloses Ownership in Bitcoin via Spot ETFs
Friday, 17 May 2024, 19:59
Billionaire Steven Cohen's Point72 Revealed Stake in Bitcoin Spot ETFs
In a recent filing, it was disclosed that Point72, the $34 billion hedge fund led by billionaire Steven Cohen, held $77.5 million in the Fidelity Wise Origin Bitcoin Fund (FBTC) by the close of the first quarter.
Key Highlights:
- Significant Position: Point72's investment in the FBTC spot ETFs amounted to $77.5 million.
- Connection to Cohen: The move reflects a strategic choice led by Steven Cohen, well-known for his vast financial portfolio.
This development showcases an emerging interest in the cryptocurrency sector by traditional financial powerhouses, potentially influencing future market trends.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.