- The majority of the company’s holdings, or $1.1 billion, are GBTC.
In a May 7 13F filing, Susquehanna International Group revealed $1.3 billion in investments in spot Bitcoin ETFs.
For a total investment of $1.1 billion, the business disclosed owning 17.3 million shares of Grayscale’s GBTC spread over three different assets.
In addition, Susquehanna paid $83.7 million for 1.3 million shares of Fidelity’s FBTC, $23.6 million for 583,049 shares of BlackRock’s IBIT, $21.7 million for 560,832 shares of Bitwise’s BITB, and $36.1 million for 508,824 shares of Ark 21Shares’s ARKB.
The acquisition total for the company was $20.6 million for 256,354 shares of VanEck’s HODL, $19.3 million for 255,814 shares of WisdomTree’s BTCW, $11.8 million for 166,200 shares of Invesco’s BTCO, and $3.9 million for 192,391 shares of Valkyrie’s BRRR.
The total investments made by the corporation in its most recent 13F report, $575.9 billion, is not entirely represented by the combined investments.
Susquehanna has invested in nine out of the 10 spot Bitcoin exchange-traded funds (ETFs) that are currently available. In the most recent file made by the corporation, Franklin Templeton’s fund, EZBC, is missing.
Susquehanna International Group is among the biggest investors in spot Bitcoin exchange-traded funds (ETFs). The company claims to be among the biggest proprietary trading firms in the world, with an estimated $481 billion in assets under management (AUM).
A larger institutional interest in spot Bitcoin ETFs during the first several months of the funds’ availability is also reflected in the investments.
Similar spot Bitcoin ETF investments have been revealed by Hightower Advisors, SouthState Bank, BNP Paribas, and Burkett Financial Services in their 13F filings. A number of other companies, including Legacy Wealth Asset Management, have also disclosed investments.
Members of Bitwise and BlackRock have forecast that institutional investment in spot Bitcoin ETFs will continue, and the most recent disclosures confirm this pattern.
Only purchases made prior to March 31 are revealed in this quarter’s 13F filings; hence, more recent transactions might go unreported.
As of May 7, spot Bitcoin ETFs managed $52 billion in assets, with $11.7 billion in inflows as of May 6.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
