Blogs & Articles: European Investment Giant Reveals $500M Spot Bitcoin ETF 🔗 6 weeks ago
- Category: Blogs & Articles | BTC Times
- Author(s): Deniz Saat
- Published: 5th August 2024 21:24
Capula Management, one of Europe's top four investment managers, has disclosed holdings amounting to nearly $500 million in spot Bitcoin ETFs, according to an SEC filing.
The firm reported investments of $211 million in Fidelity's spot Bitcoin ETF (FBTC) and $253 million in BlackRock's spot Bitcoin ETF (IBIT), totaling $464 million.Â
This investment is part of a broader trend of institutional adoption, as more firms are seeking exposure to Bitcoin.Â
The SEC's approval of spot Bitcoin ETFs has facilitated institutional investment by providing a regulated vehicle for participation in this market.
Despite Bitcoin's recent decline from $67,500 to $49,000, data from Arkham indicates that major players like BlackRock, Fidelity, Grayscale, and MicroStrategy are retaining their Bitcoin holdings and possibly acquiring more.
You guys sold all your coins
— Arkham (@ArkhamIntel) August 5, 2024
… But
BlackRock
MicroStrategy
Grayscale
Fidelity
didn’t. pic.twitter.com/R2NY3rDPcQ
