$46 billion hedge fund Millennium Management was on the verge of diving into crypto
October 16, 2020, 12:24PM EDT · 2 min read
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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