Capula Management reveals $464 million investment in spot Bitcoin ETFs in Q2 13F filing

Capula Management, Europe’s fourth-largest hedge fund, purchased implicit $464 cardinal successful spot Bitcoin exchange-traded funds (ETFs) during the 2nd 4th of 2024, according to an Aug. 5 US Securities and Exchange Commission 13F filing.

The filings showed that Capula holds 4,022,346 shares successful the Fidelity Wise Origin Bitcoin ETF (FBTC), valued astatine astir $211 million. The steadfast besides owns 7,419,208 shares successful BlackRock’s iShares Bitcoin fund, amounting to $253 million.

13F filings are quarterly reports that organization concern managers with astatine slightest $100 cardinal successful equity assets taxable to the SEC. These reports disclose agelong positions successful US equities and options connected equities but bash not uncover abbreviated positions, frankincense providing a partial presumption of an concern manager’s portfolio.

Capula’s disclosure adds to a increasing inclination of organization investors showing involvement successful the US spot Bitcoin ETFs. Last month, the State of Michigan Retirement System reported a $6.6 cardinal involvement successful the ARK 21Shares Bitcoin ETF (ARKB) successful its 13F filing.

Capula Investment Management LLP is simply a British hedge money with astir $30 cardinal successful assets nether absorption arsenic of 2024.

Interest successful Bitcoin ETFs

Institutional involvement successful spot Bitcoin ETFs remains beardown contempt BTC’s important drop to a six-month low of nether $50,000 earlier recovering to implicit $54,000 arsenic of property time.

Eric Balchunas, Bloomberg’s ETF analyst, stated that the trading volumes for the concern products indicated robust assemblage engagement, with astir $2.5 cardinal traded during the market’s opening hours.

However, helium pointed retired that the precocious trading measurement connected down days tin awesome marketplace fear, but astatine the aforesaid time, it reflects the liquidity that traders and institutions worth successful ETFs. He said:

He said:

“If you [are a] Bitcoin bull you really DONT privation to spot brainsick measurement contiguous arsenic ETF measurement connected atrocious days is simply a beauteous reliable measurement of fear. On flip, heavy liquidity connected atrocious days is portion of what traders and institutions emotion astir ETFs, truthful you besides privation to spot measurement too, bully for the agelong term.”

The station Capula Management reveals $464 cardinal concern successful spot Bitcoin ETFs successful Q2 13F filing appeared archetypal connected CryptoSlate.