Financial Giants Ramp Up Bitcoin ETF Trading, Q2 Allocation Outpaces Last Quarter
coingape.com 16 July 2024 10:50, UTC
IMC Chicago, a major trading firm with assets under management totaling $169 billion, has revealed substantial increases in its Bitcoin ETF holdings for the second quarter of the fiscal year. The firm’s latest 13F filings highlight a strategic shift towards Bitcoin funds by Ark 21Shares and Grayscale. However, the catch here is that the firm isn’t a HODLer since the market maker is subject to adopting various trading strategies.