- Capula Administration, the fourth largest hedge fund in Europe, has introduced that it owns almost $500 million in spot bitcoin ETFs.
- The ETF spot market continues to see elevated demand regardless of Bitcoin's value struggles over the previous few weeks.
Capula Administration, the fourth largest funding supervisor in Europe, owns almost $500 million in spot bitcoin ETFs.
In response to the paperwork filed with the US Securities and Trade Fee, the hedge fund supervisor acquired $253 million from BlackRock's iShares Bitcoin Belief (IBIT) and $211 million from Constancy's Clever. The origin of bitcoins (FBTC) ETFs.
Capula reveals its spot ETF holdings because the market grapples with downward stress.
Nevertheless, institutional demand for Bitcoin ETFs is seeing elevated traction, with a number of pension funds amongst those that buy a digital asset funding product. In one of many largest strikes, Morgan Stanley turned the primary huge financial institution on Wall Road allow monetary advisors to current Bitcoin ETFs to their shoppers.
Information from Arkham additionally confirmed that main BTC holders, together with MicroStrategy, BlackRock, Constancy and Grayscale, didn’t promote their BTC property regardless of losses out there.
Bitcoin value
On Monday, Bitcoin has dropped beneath $50,000 check the costs recorded in February. Nevertheless, BTC has rebounded above $53,000 and the crypto market is optimistic a few doable restoration amid the Fed's rate of interest cuts.
Earlier within the day, Wharton professor Jeremy Siegel known as for the Fed to chop the funds charge by 75 foundation factors at its subsequent assembly in September and different related cuts.
“I'm calling for an emergency Fed charge lower of 75 foundation factors, with one other 75 foundation level lower subsequent month on the September assembly — and that's the naked minimal,” says Wharton's Jeremy Siegel: pic.twitter.com/s4CgWx962Q
— Squawk Field (@SquawkCNBC) August 5, 2024
In response to Polymarket bets, punters see a 29% probability The Fed adopted an emergency charge lower.
