Social media rumors this week claimed Alkeon Capital invested $23 billion in Bitcoin ETFs and increased its GBTC position to 1.2 million shares valued at $59 million. Regulatory filings actually reveal the hedge fund holds approximately 920,000 call options on the Grayscale Bitcoin Trust ETF, valued between $48.5 million and $49 million. This represents only a small portion of Alkeon’s overall portfolio, estimated between $22 billion and $59 billion depending on the measurement period. Alkeon is not a crypto-native fund; its major holdings include Taiwan Semiconductor Manufacturing, Alphabet, Meta, Nvidia, and index instruments like SPY and QQQ. The gap between the figures circulating online and the actual filings amounts to tens of billions of dollars.
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