BlackRock Eyes Millennium Stake
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•Is This The Secret Reason Behind BlackRock's Stake Acquisition in Millennium?
68% Informative
BlackRock Inc plans to acquire minority stake in $70 billion hedge fund manager Millennium Management LLC.
Millennium Management is the largest holder in BlackRock iShares ( IBIT ) and Fidelity (FBTC) Bitcoin ETFs.
Larry Fink affirmed Bitcoin as a legit asset class like gold and the potential in BTC price to rally higher.
Millennium has backed smaller hedge funds, similar to last year’s partnership talks with Schonfeld Strategic Advisors , which fell apart months later .
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