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Capula Management, Europe’s fourth-largest investment manager, has disclosed holdings of nearly $500 million in spot bitcoin ETFs, according to an SEC filing today.
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BREAKING: Capula Management, Europe's fourth-largest investment manager, reveals it holds $500m in cash stocks twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETF image.twitter.com/AarPOFjrbt
— bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1820505099312959597?ref_src=twsrc%5Etfw”>August 5, 2024
The signature reported Capula holds $211 million in Fidelity’s Spot bitcoin ETF (FBTC) and $253 million in BlackRock’s Spot bitcoin ETF (IBIT), for a total of $464 million. Capula’s significant bitcoin ETF investment reflects a growing acceptance of bitcoin among traditional financial institutions.
This investment aligns with a broader trend of institutional adoption, as more companies seek exposure to btc’s upside potential. The SEC’s approval of spot bitcoin ETFs has made it easier for institutions to invest in bitcoin, providing a more accessible and regulated vehicle to participate in this burgeoning market.
And despite bitcoin’s recent drop from $67,500 to $49,000, large institutions continue to show confidence in bitcoin. Arkham data indicates that major players like BlackRock, Fidelity, Grayscale, and MicroStrategy are not selling their bitcoin holdings and are likely buying more.
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You sold all your coins
… But
Black Rock
Microstrategy
Grayscale
Fidelity
No. image.twitter.com/R2NY3rDPcQ
– Arkham (@ArkhamIntel) twitter.com/ArkhamIntel/status/1820467463341080624?ref_src=twsrc%5Etfw”>August 5, 2024
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