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Steven Cohen’s Point72 reveals $77.5M in Bitcoin ETF holdings

Published date:

February 2, 2026

Steven Cohen’s Point72 reveals $77.5M in Bitcoin ETF holdings

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Cryptocurrencies can be volatile and high risk. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn more about our Editorial Process and Risk Warning.

Steven Cohen's Point72 reported $77.5M worth of holdings for the Fidelity Wise Origin Bitcoin Fund (FBTC) in its 13F filing.

A majority (52%) of the nation's largest hedge funds are betting on #Bitcoin

With the introduction of Bitcoin ETFs, institutions have run out of reasons to say no to sound money pic.twitter.com/FI3UfBssIP
— Sam Baker (@macromule) May 17, 2024

Point72's move aligned with other prominent hedge funds entering the Bitcoin ETF market. Earlier this week, hedge fund giant Millennium Management’s 13F filing disclosed the company’s $2B exposure to Bitcoin ETFs. Similarly, Schonfeld Strategic Advisors holds a total of $479M in IBIT and FBTC ETFs.

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Additionally, 13 out of the 25 largest US hedge funds have invested in spot BTC ETFs in just the first quarter of 2024. As such, Bitcoin ETFs have seemingly eliminated previous institutional hesitations about digital assets.

Despite the widespread adoption of BTC ETFs, the most popular cryptocurrency has remained under the $70K mark following the fourth halving in April. Currently, Bitcoin is valued at $67K, up by a modest 1.4% in the last 24 hours.

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Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

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