Capula Management, the European hedge fund, bought significant stock in Bitcoin (BTC) ETF companies.
Shares worth $253 Million of iShare Bitcoin Fund are now held by Capula Management, as per a recent 13b filing.
The launch of BTC spot ETFs has pushed the inflow of funds, making the market capitalization of Bitcoin $2 Trillion.
The garnishing popularity of cryptocurrencies is luring global investors and giant asset management firms.
The global crypto market has recorded milestones in terms of gathering investment; following the popularity of Bitcoin (BTC), asset managers such as BlackRock and Capula Management, among others, jumped to support the growth financially.
As per the 13b filing of the U.S SEC dated August 05, 2024, Capula Management has invested $464 Million in Bitcoin Exchange Traded Funds (ETFs). The launch of BTC spot ETFs has pushed the inflow of funds, making the market capitalization of Bitcoin $2 Trillion.
The hedge fund added 4,022,346 shares of Fidelity Wise Origin Bitcoin ETF (FBTC), and it also bought shares of BlackRock’s iShare Bitcoin Fund worth $253 Million.
Capula Management has $118 Billion in assets under management (AUM) and is also known as one of Europe’s most significant hedge funds. Bitcoin prices and its usp are primarily appreciated by big, giant investors, even with market fluctuation and immense volatility.
This move of Capula reflects the surging adoption of digital assets in the traditional finance market. As per some analysts, the asset management firm has made its first investment in Bitcoin to diversify its investment portfolio in the digital assets market.
Companies Holding Bitcoin
Tesla Inc., the company Centi-billionaire Elon Musk owns, holds 11,509 Bitcoins valued at $632 Million as of writing. MicroStrategy (MSTR) holds 226,331 BTC, and Marathon Digital Holdings (MARA) has 17,320 BTC ($953 Million).
The collective Bitcoin holdings of private companies are 324,41 BTCs, valued at 16.28 Billion, as of press time.
Bitcoin Spot ETFs Price Update
According to CoinMarketCap data, the total AUM of the Bitcoin spot ETFs market is $47,416,112,039. However, the total recorded flow was – $168,400,000 in a monthly time frame.
FBTC spot ETF is valued at $46.80 with an AUM of $9.9 Billion and a market capitalization of $9.66 Billion. Grayscale Bitcoin Trust (GBTC) ETF traded highest at $65.61 on March 10, 2024.
Hashdex Bitcoin ETF is trading at $60.4089, which makes it the most costly BTC spot ETF on the market.
Market Price Alert
Since the market’s opening on August 06, 2024, the market started to follow a reversal path, adding 8.27% to the entire market capitalization. At the time of writing, the market cap was $1.98 Trillion, the lowest in the past 60 days.
Bitcoin (BTC) is trading at $55,101 with a growth of 5.83%; its market capitalization reflected a correction of 8.57%. In the past 24 hours, BTC’s lowest traded at $49,578, reaching its quarterly low.
Bittensor (TAO) grew 35.36% intraday, reaching $257.44. Ethereum’s market capitalization surged by 10.12%, and its trading price showed a reversal, adding 7.86%.
