Capula Management has disclosed that it holds $500 million of Spot Bitcoin ETFs. in a filing The US Securities and Exchange Commission is responsible for overseeing the US market. This development occurs as BTC’s investment vehicles reached a trading volume of $1 billion on Monday.
This increase is due to the massive decline in stock markets and cryptocurrency. Moreover, Galaxy Digital’s The head of research did note that the result was “extremely elevated” Bitcoin trading activities. BTC ETFs have become more popular in the financial sector.
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Capula Management reveals Bitcoin ETF holdings amid surge in interest
Investors were apprehensive about the first Monday of August. The stock market crashed by $2 trillion, shocking the entire sector. In the past 24 hours, the crypto market has lost $1.2 billion. This does not deny that the market is still a major player.
In a recent SEC filing, Capula Management, Europe’s 4th largest hedge fund has revealed $500 million of Spot Bitcoin ETFs. The fund has substantial investments in BTC ETFs. First, BlackRock’s iShares Bitcoin Trust (IBIT) Accounts for more than 250 million dollars. Alternatively, it invested more than $210 in the Fidelity Smart Origin Bitcoin Trust.
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Morgan Stanley has just a few days ago allowed their wealth advisors to start offering Spot bitcoin ETFs. The firm specifically told 15,000 advisors that they could offer these products. According to BloombergThe offering will commence as soon as next week.
Net inflows of more than 18 billion dollars have been recorded for the BTC products approved in January this year. It is expected to continue growing. Bitcoin may have suffered a downturn in the markets, but it is thriving now. In March, the price of Bitcoin reached a record-breaking $73,000. Institutional interest drove this record, only three months after ETFs launched.
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Source: watcher.guru