Bitcoin

Hedge

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Capula Management has $500 million in Bitcoin ETFs.</li> 
 <li>This is Europe’s fourth-largest hedge fund.</li> 
</ul> 
According to the latest reports, Capula Management, which is Europe’s fourth-largest hedge fund, has invested around $500 million in Bitcoin ETFs. 
The firm’s significant holdings are placed in two leading Bitcoin ETFs, according to official reports. iShares Bitcoin ETF, IBIT, BlackRock’s crypto product, accounts for $252 million in the firm’s investment. 
Also, Capula <a href="https://www.sec.gov/Archives/edgar/data/1557017/000117266124003075/xslForm13F_X02/infotable.xml" rel="nofollow noopener" target="_blank">invested</a> over $200 million in Fidelity Wise Origin Bitcoin Trust (FBTC). 
Following the firm’s move, BTC’s price <a href="https://x.com/Vivek4real_/status/1820498434773930063" rel="nofollow" target="_blank">spiked</a> over $55,000. 
Speaking of <a href="https://crypto.ro/en/dictionary/bitcoin-etf/">Bitcoin ETF</a>s, last week, from July 29 to August 2, the crypto products in the US had an outflow of over $80 million. 
BlackRock’s IBIT had a weekly net inflow of $370 million, and the current historical total net inflow of IBIT reached over $21 billion, according to official data from<a href="https://sosovalue.com/bigChart/Etf_NASDAQ_IBIT?title=iShares%20Bitcoin%20Trust(IBIT)&amp;coin=BTC" rel="nofollow noopener" target="_blank"> SoSoValue</a>. 
<h2 id="what-is-capula-management">What Is Capula Management?</h2> 
Capula Management is a hedge fund based in London and it’s popular for its expertise in fixed-income and macroeconomic strategies. According to official reports, the firm has $30 billion in assets under management as of 2024. 
On its <a href="https://www.capulaglobal.com/" rel="nofollow noopener" target="_blank">official website</a>, the firm notes that it’s a global investment manager focused on innovative strategies, aiming to exhibit low or negative correlation to traditional equity and fixed-income markets. 
Capula Management notes that the firm’s roots are in fixed income relative value, but its horizons have expanded to encompass macro trading, crisis alpha strategies, and more. 
The multi-strategy evolution retains the focus on low correlation and prudent risk management, key pillars of the approach to investment management. 
Not too long ago, Capula Management made headlines regarding the exploration of Abu Dhabi outposts, together with Marshall Wace. 
In June, <a href="https://www.bloomberg.com/news/articles/2024-06-12/two-london-hedge-fund-giants-said-to-explore-abu-dhabi-outposts" rel="nofollow noopener" target="_blank">Bloomberg</a> was writing that the two firms, some of London’s biggest hedge funds, were considering plans to open offices in Abu Dhabi, bolstering the city’s status as an emerging hub for financial firms. 
Both companies have held talks with Abu Dhabi authorities to expand operations there.

Europe’s 4th Largest Hedge Fund Reports $500M in Bitcoin ETFs

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