Capula Investment Management LLP Holds $464M in BlackRock and Fidelity Spot Bitcoin ETF Shares
- 王林Original
- 2024-08-07 15:22:34506browse
Capula Investment Management LLP, one of Europe's largest hedge funds, informed that it holds $464 million in shares of spot Bitcoin ETFs from BlackRock and Fidelity.
Capula Investment Management LLP, a European hedge fund, disclosed on August 5 that it held $464 million in shares of spot Bitcoin ETFs from BlackRock and Fidelity as of June 30.
The filing with the U.S. Securities and Exchange Commission does not indicate any other cryptocurrency holdings by the firm, which had approximately $30 billion in assets under management as of 2024.
According to the filing, Capula owns 4,022,346 shares in the Fidelity Wise Origin Bitcoin ETF (FBTC), valued at around $211 million, and 7,419,208 shares in BlackRock’s iShares Bitcoin fund, worth $253 million.
The filing is the latest to showcase institutional interest in the U.S. spot Bitcoin ETFs, which began trading in mid-2024.
Earlier this year, the State of Michigan Retirement System disclosed a $6.6 million investment in the ARK 21Shares Bitcoin ETF (ARKB) in its 13F filing.
Meanwhile, Millennium Management, a global hedge fund, disclosed nearly $2 billion in spot Bitcoin ETF holdings and a varied portfolio of BTC-related assets in May.
Bloomberg ETF analyst Eric Balchunas dubbed Millennium the “king” of spot Bitcoin ETF holders, highlighting its extensive exposure compared to the average new spot ETF investors.
The hedge fund spread its investments in spot products among the ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETF, Grayscale Bitcoin Trust, iShares Bitcoin Trust, and Fidelity Wise Origin Bitcoin ETF.
Based on the company’s Q1 13 F filing, BlackRock’s Bitcoin fund represents Millennium’s largest allocation, with over $844 million invested, while Fidelity’s ETF is a close second, with just over $806 million.
Furthermore, Balchunas revealed that around 60% of new spot Bitcoin ETF buyers are investment advisory firms, while hedge funds make up approximately 25% of these buyers.
The 13F filings, which institutional investment managers with equity assets of at least $100 million submit quarterly, offer a snapshot of long positions in U.S. equities and options but do not reveal short positions, thus providing a partial view of an investment manager’s portfolio.
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