• Despite market fluctuations, significant investments by major hedge funds like Capula Management demonstrate enduring institutional confidence in Bitcoin ETFs.
• The continuous strong inflows into Bitcoin ETFs and the crypto’s ability to hit new highs indicate a resilient market driven by institutional and investor interest.

Galaxy Digital’s head of research, Alex Thorn, recently highlighted a surge in Bitcoin ETF trading activity, noting that within just 20 minutes of the trading session, these ETFs had already seen $1.3 billion in volume, described as “extremely elevated.”

On the other hand, community member Collin Brown drew attention in a recent tweet to the United States Securities and Exchange Commission (SEC) FORM 13F filing, which disclosed significant institutional holdings.

Brown also noted the news of Capula Management’s substantial $500 million investment in Bitcoin ETFs, emphasizing its impact on the crypto world. The investment by Europe’s fourth-largest hedge fund was seen as a major development, further highlighting the growing institutional interest in Bitcoin despite ongoing market volatility.

Amidst this presisten turmoil, Capula Management, Europe’s fourth-largest hedge fund, has disclosed $500 million in Spot Bitcoin ETF holdings in a recent SEC filing. Capula’s investments include over $250 million in BlackRock’s iShares Bitcoin Trust and more than $210 million in the Fidelity Wise Origin Bitcoin Trust.

Despite the challenging market conditions, Bitcoin ETFs have maintained strong interest, with net inflows surpassing $18 billion this year. The CNF report highlighted a significant milestone for the BlackRock Bitcoin ETF (IBIT), which has garnered over $19.5 billion in inflows.

This resilience is underscored by Bitcoin’s impressive performance earlier in the year when it reached an all-time high of $73,000 in March, driven by growing institutional interest. Meanwhile, according to Today’s Coin Market Cap, BTC’s market value has climbed by 2.57% in the past day, with a weekly low of 16.34%, reaching a price of $55,657.36. See the BTC Price Chart below.

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