$46 billion hedge fund Millennium Management was on the verge of diving into crypto

Quick Take

  • Millennium Management, the $46 billion hedge fund, was looking to make a move into crypto
  • Up until at least September, the firm was actively interviewing potential candidates for team to invest in digital assets 
  • A source says that those plans hit a roadblock and that the company will likely not deploy crypto strategies in the near term
Millennium Management — the $40 billion hedge fund titan — was until September actively exploring a move into the crypto market.

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May 5, 2022, 3:17PM UTC