This European Hedge Fund Giant Announces $464 Million Investment in Spot Bitcoin ETFs

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Capula Investment Management LLP, one of Europe’s largest hedge funds, informed that it holds $464 million in shares of spot Bitcoin ETFs from BlackRock and Fidelity.Specifically, Capula owns 4,022,346 shares in the Fidelity Wise Origin Bitcoin ETF , valued at around $211 million, and 7,419,208 shares in BlackRock’s iShares Bitcoin fund, worth $253 million.

Other institutional investors are also reporting notable positions in spot Bitcoin ETFs. Last month, the State of Michigan Retirement SystemAdditionally, Millennium Management, a global hedge fund, disclosed nearly $2 billion in spot Bitcoin ETF holdings and a varied portfolio of BTC-related assets in May.Millennium as the “king” of spot Bitcoin ETF holders, noting its extensive exposure compared to the average new spot ETF investors.

Balchunas further revealed that around 60% of new spot Bitcoin ETF buyers are investment advisory firms, while hedge funds make up approximately 25% of these buyers.

 

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