Major hedge fund Capula Management has invested nearly $500 million in the Bitcoin ETF, according to reports dated August 5. Despite this, the BTC ETF market is experiencing an outflow of funds: from July 31 to August 2, $175 million was withdrawn. 📉

- Capula owns shares in Fidelity and BlackRock worth $464 million.

- Other funds such as Millennium Management are also actively investing in the BTC ETF.

- In July, the BTC ETF market showed a sharp decline.