revealedAccording to the report, two anonymous sources confirmed that Millennium Management had its share of the Grayscale Bitcoin Trust free fall which occurred towards the end of last month.
As stated on the Millennium Management website, its current assets under management (AUM) are worth $48.3 billion. The company also has more than 3,400 employees.
“The arbitrage trade is just so broken.”
Apart from Grayscale, other institutional investors are also looking to get approval from the US Securities and Exchange Commission (SEC) for ETFs. Some of the institutions include Goldman Sachs, Fidelity, Morgan Stanley.