According to a 13F filing submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, as of June 30, British hedge fund giant Capula Investment Management held $464 million worth of Bitcoin spot ETFs.
The document shows that the hedge fund held $253 million worth of the “iShares Bitcoin Trust (IBIT)” and $211 million worth of the “Fidelity Wise Origin Bitcoin ETF (FBTC).”
However, due to the recent weak performance of Bitcoin, the prices of BlackRock and Fidelity’s Bitcoin spot ETFs have also declined. As of 1 p.m. Eastern Time on Monday, the value of Capula Investment Management’s holdings had decreased to $420 million.
Capula Investment Management, headquartered in London, has approximately $30 billion in assets under management (AUM) and is the fourth-largest hedge fund in Europe.
As institutional investors aggressively move into Bitcoin spot ETFs, many hedge fund giants are also getting involved. For instance, Millennium Management, founded and led by Wall Street legend and billionaire Israel Englander, revealed earlier this year that it holds nearly $2 billion worth of Bitcoin spot ETFs.