London Hedge Fund Capula Management Invests $418M in Bitcoin ETFs

A prominent European hedge fund has amassed over $418 million in holdings of spot Bitcoin exchange-traded funds (ETFs), according to a regulatory filing with the U.S. Securities and Exchange Commission (SEC). Capula Management, a London-based hedge fund overseeing approximately $30 billion in assets, disclosed in a 13F form that it had acquired 4,022,346 shares of Fidelity’s Wise Origin Bitcoin Trust (FBTC) and 7,419,108 shares of BlackRock’s iShares Bitcoin Trust (IBIT) ETF. The SEC approved 11 spot Bitcoin ETFs in January, providing investors with a secure and regulated means to gain exposure to the volatile cryptocurrency market.

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