Key Takeaways:
- Capula Management invested nearly $500 million in Bitcoin ETFs, including Fidelity’s Wise Origin Bitcoin Fund and BlackRock’s iShares Bitcoin Trust.
- Despite July’s $175 million BTC ETF outflows, Capula’s investment underscores significant interest from hedge funds in crypto ETFs.
- Bitcoin ETFs, launched in January, have attracted over $50 billion in inflows, with significant trading volumes exceeding $1 billion on August 5.
Capula Management, Europe’s fourth-largest hedge fund, has invested nearly $500 million in Bitcoin exchange-traded funds (ETFs), according to an August 5 filing.
The UK-based firm, managing over $30 billion in assets, now holds shares in Fidelity’s Wise Origin Bitcoin Fund and BlackRock’s iShares Bitcoin Trust, valued at over $464 million as of June 30.
JUST IN: Capula Management, Europe's fourth largest investment manager, discloses it owns $500 million in spot #Bitcoin ETFs 🇪🇺 pic.twitter.com/AarPOFjrbt
— Bitcoin Magazine (@BitcoinMagazine) August 5, 2024
Despite a market downturn in July leading to $175 million in BTC ETF outflows, Capula’s investment remains significant.
Other hedge funds are also heavily investing in Bitcoin ETFs, with Millennium Management disclosing $2 billion in holdings.
Bitcoin ETFs, launched in January, have attracted over $50 billion in inflows, while Ether ETFs, started in June, hold $8 billion.
JUST IN: 🇪🇺 Europe's fourth largest hedge fund, Capula Management, discloses $500 million spot #Bitcoin ETF holdings.
— Watcher.Guru (@WatcherGuru) August 5, 2024
The ETF structure‘s low fees and investor protections make crypto investments more appealing.
Morgan Stanley now allows its advisors to recommend Bitcoin. On August 5, BTC ETFs saw trading volumes exceed $1 billion.
About The Author
Fleming Airunugba, a seasoned Web3 and crypto content expert, leverages his deep understanding of blockchain technology to bring the latest and most impactful news to the crypto community.
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