Capula Management Invests Nearly $500 Million in Bitcoin ETFs 🤩
#Capula Management, Europe's fourth-largest hedge fund, invested nearly $500 million in Bitcoin exchange-traded funds (ETFs), specifically in Fidelity Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT).
The hedge fund, managing over $30 billion, disclosed holdings worth over $464 million in these #ETFs as of June 30. Other hedge funds, such as Millennium Management, also report significant Bitcoin ETF investments. Bitcoin ETFs have attracted over $50 billion since their January launch.
Despite recent market #volatility and net outflows, BTC ETFs remain popular due to their low fees and strong investor protections, drawing interest from mainstream investors and financial advisors.
