EddieJayonCrypto

 6 Aug 24

tl;dr

A top European hedge fund, Capula Management, has invested over $420 million in Bitcoin through exchange-traded funds, as per a regulatory filing with the U.S. Securities and Exchange Commission. The fund purchased shares of Fidelity’s Wise Origin Bitcoin Trust and BlackRock’s iShares Bitcoin Trust,...

London-based Capula Management, one of Europe’s largest hedge funds with $30 billion in assets, has invested over $420 million in Bitcoin through ETFs, signaling growing institutional interest in the cryptocurrency.

The SEC's approval of 11 spot Bitcoin ETFs has provided regulated access to the volatile asset, leading to substantial institutional investments, including from major players like Wells Fargo and the State of Wisconsin Investment Board.

Bitcoin and other major cryptocurrencies have experienced a significant 9% dip in value, with Bitcoin currently trading at $53,565, marking one of the year's most significant selloffs in the crypto market.

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