Capula Hedge Fund Holds $464 Million in Bitcoin ETFs

As of July 30, the British hedge fund Capula Investment Management held spot bitcoin ETFs totaling approximately $464 million. This is evidenced by the company’s report to the SEC. 

According to the documents, Capula’s assets are represented as follows: 

• 4 million shares of Fidelity Wise Origin Bitcoin ETF (FBTC) valued at $211 million; 
• 7.4 million BlackRock iShares Bitcoin Trust (IBIT) at $253 million. 

With the decline in the value of digital gold, bitcoin ETF quotes have also decreased. At the time of writing, the firm’s cryptocurrency instruments are valued at approximately $420 million. 

Capula Investment Management is the fourth largest hedge fund in Europe, with assets under management totaling about $30 billion. 

The organization joined other management companies in acquiring bitcoin ETFs. In May, Millennium Management reported holding exchange-traded funds based on the first cryptocurrency worth $1.94 billion — 3% of its AUM.

Earlier, the Wisconsin State Investment Board disclosed investments in BTC-ETFs worth $163 million. By the end of 2023, it managed $156 billion.

According to River, by the end of the first quarter, 13 of the 25 largest hedge funds in the United States held bitcoin-based products.