Steven Cohen's Point72 Also an Owner of Bitcoin Via Spot ETFs
Point72, the $34 billion hedge fund of billionaire and owner of the New York Mets, Steven Cohen, held $77.5 million of the Fidelity Wise Origin Bitcoin Fund (FBTC) as of the close of the first quarter, according to a filing. Out of the top 25 hedge funds in the U.S., 13 of them bought into the ETFs in the first quarter, according to data compiled by bitcoin brokerage firm River. Among them, in addition to the names mentioned earlier, were Fortress Investment Group and Schonfeld Strategic Advisors.
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