Analysis: Some large institutional investors are starting to shift their investment direction from NVIDIA to cryptocurrency ETFs
2025-01-20 05:37:26
Some large institutions investors eyes artificial intelligence chips manufacturingdesk3cryptocurrencydesktopCrypto News
Some large institutional investors are shifting their sights from artificial intelligence chipmaker NVIDIA to the head cryptocurrency ETF, with data showing that Millennium Management's Israel Englander reduced its stake in NVIDIA by 12.5% in the third quarter of 2024. Capula Managment's Yan Huo decreased by 27.7% in the third quarter. Meanwhile, the two high-profile billionaire investors increased their holdings in bitcoin through BlackRock IBIT, where Englander increased its IBIT holdings by 12.60 million shares in the third quarter, while Yan Huo increased its holdings by 1.10 million shares.
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