Europe's Fourth Largest Investment Manager Discloses $500M in Spot Bitcoin ETFs Amid Market Volatility
Capula Management, Europe’s fourth-largest investment manager, has disclosed holdings worth about $500 million in Bitcoin exchange-traded funds, according to a filing with the Securities and Exchange Commission today.
Breaking News: Capula Management, Europe’s 4th Largest Investment Manager, Reveals $500 Million in Spot Securities Market #Bitcoin Exchange Traded Funds 🇪🇺 pic.twitter.com/AarPOFjrbt
— Bitcoin Magazine (@BitcoinMagazine) August 5, 2024
a company Reported Capula has $211 million in Fidelity’s Bitcoin ETF (FBTC) and $253 million in BlackRock’s Bitcoin ETF (IBIT), for a total of $464 million. Capula’s large investment in Bitcoin ETFs reflects the growing acceptance of Bitcoin among traditional financial institutions.
This investment is in line with a broader trend of institutional adoption, as more companies seek exposure to the potential upside of bitcoin. The SEC’s approval of spot bitcoin ETFs has made it easier for institutions to invest in bitcoin, providing a more accessible and regulated way to participate in this emerging market.
Despite the recent drop in Bitcoin price from $67,500 to $49,000, major institutions are still showing their confidence in Bitcoin. Data from Arcam shows that major companies such as BlackRock, Fidelity, Grayscale, and MicroStrategy are not selling their Bitcoin holdings and are likely to buy more.
You sold all your coins.
… but
Black stone
Microstrategy
grayscale
devotionI did not. pic.twitter.com/R2NY3rDPcQ
– Arkham (@ArkhamIntel) August 5, 2024
Comments are closed, but trackbacks and pingbacks are open.