Capula Management, one of Europe's top four investment managers, has disclosed holdings amounting to nearly $500 million in spot Bitcoin ETFs, according to an SEC filing.

The firm reported investments of $211 million in Fidelity's spot Bitcoin ETF (FBTC) and $253 million in BlackRock's spot Bitcoin ETF (IBIT), totaling $464 million. 

This investment is part of a broader trend of institutional adoption, as more firms are seeking exposure to Bitcoin. 

The SEC's approval of spot Bitcoin ETFs has facilitated institutional investment by providing a regulated vehicle for participation in this market.

Despite Bitcoin's recent decline from $67,500 to $49,000, data from Arkham indicates that major players like BlackRock, Fidelity, Grayscale, and MicroStrategy are retaining their Bitcoin holdings and possibly acquiring more.

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