Capula, Schonfeld, Point72 among hedge funds riding Bitcoin ETFs: Report

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Capula, Schonfeld, Point72 among hedge funds riding Bitcoin ETFs: Report - Business Standard

Quick Summary:

The group has seen inflows of $1.9 billion, a figure that excludes $2.3 billion in outflows from the Grayscale Ethereum Trust (ETHE) which converted to an ETF last month, data compiled by Bloomberg show.

The existence of such ETFs has given everyday investors an easier way to trade in and out of Bitcoin.

There were 701 new funds reporting spot-Bitcoin ETF holdings following Wednesday’s deadline to file second-quarter 13F reports with the SEC, data compiled by Bloomberg show, bringing the total number of holders to almost 1,950.