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.#BTCMarketPanic $BTC $ETH $BNB #BinanceTurns7 #RecessionOrDip?
