Capra Management, Europe’s fourth-largest investment manager, revealed that it holds approximately $500 million in a physical Bitcoin ETF, according to a filing with the SEC today.
Capra Management, Europe’s fourth-largest investment manager, said it had $500 million in spot investments. #Bitcoin ETFs 🇪🇺 pic.twitter.com/AarPOFjrbt
— Bitcoin Magazine (@BitcoinMagazine) August 5, 2024
office report It also holds $211 million in the Fidelity Spot Bitcoin ETF (FBTC) and $253 million in the BlackRock Spot Bitcoin ETF (IBIT), totaling $464 million. Capra’s large investment in the Bitcoin ETFs reflects Bitcoin’s growing acceptance among traditional financial institutions.
This investment is in line with a broader trend of institutional adoption as more entities seek exposure to BTC’s potential upside. The SEC’s approval of a Spot Bitcoin ETF makes it easier for institutional investors to invest in Bitcoin, providing a more accessible and regulated means to participate in this burgeoning market.
And despite Bitcoin’s recent plunge from $67,500 to $49,000, big institutional investors continue to have confidence in the cryptocurrency. Arcam data shows that big names like BlackRock, Fidelity, Grayscale and MicroStrategy have not sold their Bitcoin holdings and are likely buying more.
You sold all your coins.
… but
Black Rock
MicroStrategy
grayscale
Faithfulness
I didn’t. pic.twitter.com/R2NY3rDPcQ
— Arkham (@ArkhamIntel) August 5, 2024
