Capula Investment Management Holds $464 Million in Bitcoin ETF Shares
Capula Investment Management, one of the largest hedge funds based in London, has disclosed its significant holdings in Bitcoin spot ETFs.
According to a recent filing with the U.S. Securities and Exchange Commission (SEC) dated this Monday, Capula held $464 million worth of shares in these ETFs issued by BlackRock and Fidelity as of the end of the second quarter, June 30.
A Decreasing Value
However, with the recent decline in the value of Bitcoin, Capula’s declared position would now be worth approximately $420 million. This devaluation is directly linked to the decrease in prices of Bitcoin ETFs based on the markets of BlackRock and Fidelity, following the overall bearish trend of BTC in recent days.
Capula Investment Management: Europe’s 4th Largest Hedge Fund
Capula Investment Management is not a minor player in the world of hedge funds. Based in London, the company is one of the largest hedge fund managers in Europe, ranking fourth in terms of assets under management. Capula’s disclosure highlights the growing importance of Bitcoin Spot ETFs in the portfolios of major hedge funds.
In fact, Capula is not alone in closely monitoring Bitcoin ETFs. Another major hedge fund, Millennium Management, had previously declared owning nearly $2 billion in shares of these cryptocurrency-based investment funds.
