Point72 Invests $77.5M in Bitcoin ETF

Point72, a hedge fund managed by prominent philanthropist Steve Cohen, recently disclosed a $77.5 million investment in the Fidelity Wise Origin Bitcoin Fund (FBTC) at the close of the first quarter. This substantial commitment highlights Point72’s entry into the spot Bitcoin exchange-traded fund (ETF) market, signaling an increasing trend among major hedge funds adopting Bitcoin […]

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