Institutional investment patterns in spot Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) have witnessed a significant shift, with Millennium Management emerging as a major investor.

The firm, led by billionaire Izzy Englander, disclosed a groundbreaking $2 billion investment spread across multiple Bitcoin ETFs.

This move signals broader acceptance of Bitcoin within traditional investment frameworks and positions Millennium as a frontrunner in Bitcoin ETF ownership.

The detailed disclosure revealed investments in major funds like BlackRock's iShares BTC Trust (IBIT) and Fidelity's Wise Origin BTC Fund (FBTC).

Overall, the filings indicate Bitcoin's growing recognition as a viable investment asset, with combined assets under management of all available spot Bitcoin ETFs reaching $12.1 billion.