The fourth-largest hedge fund in all of Europe, Capula Management, has recently disclosed $500 million in Spot Bitcoin ETF holdings in a filing with the US Securities and Exchange Commission (SEC). The development comes as the BTC investment vehicles have topped $1 billion in trading volume Monday.
The increase in activity is tied to a massive downturn in the stock and crypto markets. Moreover, Galaxy Digital’s head of research noted that this resulted in “extremely elevated” trading activity for the Bitcoin products. Still, these BTC ETFs are becoming all the more prevalent in the wider finance sector.
Also Read: BlackRock’s Bitcoin ETF Trading Volume Hits $1.55B in First Hour
Capula Management Discloses Bitcoin ETF Holdings Amid Surge in Interest
The first Monday in August arrived with plenty of concern for investors. A $2 trillion stock market crash shocked the sector. Moreover, $1.2 billion was liquidated from the cryptocurrency market in the last 24 hours alone. However, that doesn’t deny the market’s continued prevalence.
A recent SEC filing shows that Europe’s fourth largest hedge fund, Capula Management, has disclosed $500 million in Spot Bitcoin ETFs. Specifically, it has significant investments in two BTC ETF products. First, BlackRock’s iShares Bitcoin Trust (IBIT) accounts for more than $250 million. Alternatively, the firm invested over $210 million in the Fidelity Wise Origin Bitcoin Trust (FBTC).
Also Read: Morgan Stanley Allows Wealth Advisors To Pitch Bitcoin ETFs
This move arrives just days after Morgan Stanley recently allowed wealth advisers to offer clients Spot Bitcoin ETFs. Specifically, the firm told 15,000 advisers to offer the products. According to Bloomberg, the offerings will begin as early as next week.
The BTC products, approved in January of this year, have cumulatively seen more than $18 billion in net inflows throughout this year. That should only continue to grow. Although Bitcoin has suffered from a market downturn, it has thrived in 2024. In March of this year, it surged to an all-time high of $73,000. The record was driven by institutional interest, just three months after the ETFs debuted.