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One of Europe's largest hedge funds, Capula, announced a $464 million investment in a spot bitcoin ETF

Capula Investment Management LLP, one of Europe's largest hedge funds, has revealed that it holds $464 million worth of spot Bitcoin ETF shares in BlackRock and Fidelity Investments. It holds 4,022,346 shares in the Fidelity Wise Origin Bitcoin ETF (FBTC), worth about $211 million, and 7,419,208 shares in the BlackRock iShares Bitcoin Fund, worth $253 million. Meanwhile, the company holds any other cryptocurrency. As of 2024, Capula Investment Management LLP manages approximately $30 billion in assets.