Hedge fund giant Capula Investment Management has reported owning $464 million in spot bitcoin

ETF shares, according to a filing with the U.S.

Securities and Exchange Commission filing dated

Monday.

According to the filing, Capula Investment Management owned shares in spot bitcoin ETFs issued by both BlackRock and Fidelity. The filing reflected the firm's holdings as of the end of Q2, or June 30.

With bitcoin's value declining in recent days, the price of both BlackRock and Fidelity's bitcoin-based ETFs have also dropped. As of 1:11 p.m. EST on Monday, the total position Capula Investment Management owned as of June 30, would have be worth closer to $420 million.

Capula Investment Management is a London-based firm and one of Europe's largest hedge fund managers. Other large hedge funds have also reported owning spot bitcoin ETF shares including Millennium Management, which reported earlier this year it owned nearly $2 billion worth shares in the crypto-based exchange trade funds.$BTC $ETH $BNB #RecessionOrDip? #BTCMarketPanic #BinanceTurns7 #ETH_ETFs_Approval_Predictions #SOFR_Spike