BlackRock in Talks to Take Minority Stake in Millennium Management's $70B Hedge Fund

Nov 8, 2024, 10:26 AM

BlackRock's $BLK is in talks to take a minority stake in Millennium Management, a $70 billion hedge fund led by Izzy Englander, according to FTMarkets reports. The discussions are reportedly in the early stages and aim at a strategic tie-up. Millennium is one of the largest institutional bitcoin holders, with over $1 billion in spot BTC ETF holdings. BlackRock's interest in Millennium aligns with its strategy to expand in fast-growing alternative investments.