Capula Management, Europe's fourth-largest hedge fund, has invested nearly $55 billion in bitcoin (BTC) funds, according to a public report released May 8-5.
the British hedge fund, which manages up to $3,300 billion in investor assets, holds stakes in #Fidelity Wise Origin #BTC Fund (FBTC) and BlackRock's iShares Bitcoin Trust (IBIT).
the documents, Capula owns more than 66.30 million shares for a total of 44 million shares, reflecting its 6,400-share portfolio. The document does not indicate that Capula owns any other crypto assets.
fund researchers at Morningstar Inc told Cointelegraph that the severe market drawdown that began on May 7 resulted in lower inflows into #Etf #BTC , with net outflows of about 77.31 million between June 8 and June 2, totaling 17,500.
Blackrock's IBIT and Fidelity's FBTC are becoming blue-chip BTC ETFs and are being actively used by professional financial advisors, Roxana Islam, head of industry research at fund researcher Vettafi, told Cointelegraph.
Other hedge funds have also reported significant positions in bitcoin ETFs. On May 5, Millennium Management said that the BTC ETF holds about $220 billion in assets and various bitcoin-related assets.
Since its initial listing on May 1, bitcoin-ETFs have attracted up to 500 billion yen in net investor inflows. Ether Etf (ETH) has been in existence for 6 months and its assets have now reached approximately 80 billion yen.
The ETF structure provides benefits such as low rates, strong investor protection and easy accounting, making cryptocurrencies more acceptable to ordinary investors. Morgan Stanley, the largest financial manager in the United States, has reportedly authorized 15,000 financial advisers to recommend bitcoin to their clients.
According to Cerulli Associates, a fund researcher, the Etf market size in the United States alone is ¥9 trillion.
On Sept.
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