European Funds Bold $420M Bitcoin ETF Play Ignites Crypto Market Buzz
In the ever-evolving world of financial markets, the integration of traditional finance with innovative digital assets is becoming increasingly significant A prime indicator of this trend is the substantial investment into bitcoin through exchange-traded funds (ETFs) by prominent European hedge funds Among these, a leading hedge fund based in London, with assets under management totaling approximately $30 billion, has notably secured a significant position in the bitcoin market Substantial bitcoin Investment Through ETFs The hedge fund in question has strategically amassed an investment worth over $420 million in bitcoin by acquiring shares in two major bitcoin ETFs The shares include 4,022,346 of Fidelity’s Wise Origin bitcoin Trust and 7,419,108 of BlackRock’s iShares bitcoin Trust (IBIT) ETF...
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