Susquehanna, a global trading and technology firm, has recently made substantial investments in spot Bitcoin exchange-traded funds (ETFs). In a recent filing with the U.S. Securities and Exchange Commission (SEC), the company disclosed that it purchased 17,271,326 shares of Grayscale Bitcoin Trust (GBTC) in three separate transactions, totaling $1.09 billion. This investment in GBTC, currently valued at $955.10 million, represents Susquehanna’s largest allocation in spot Bitcoin ETFs.
Additionally, Susquehanna acquired shares in other Bitcoin ETFs, including 1,349,414 shares of Fidelity Wise Origin Bitcoin Fund (FBTC) for $83.74 million, 583,049 shares of BlackRock’s iShares Bitcoin Trust (IBIT) for $23.6 million, 560,832 shares of Bitwise Bitcoin ETF (BITB) for $21.7 million, and 508,824 shares of ARK 21 Shares Bitcoin ETF (ARKB) for $36.1 million.
Susquehanna’s portfolio also includes investments in VanEck Bitcoin Trust (HODL), WisdomTree Bitcoin Fund (BTCW), Invesco Galaxy Bitcoin ETF (BTCO), and Valkyrie Bitcoin Fund (BRRR), with a total investment of $1.31 billion across these nine spot Bitcoin ETFs. With $481 billion in total assets under management (AUM), Susquehanna is a significant player in the trading industry.
It is noteworthy that the SEC gave the green light to 11 applications to offer Bitcoin investment products in January. However, the SEC also advised caution, highlighting Bitcoin’s volatility and speculative nature.
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Disclaimer: The opinions expressed in this article are not investment advice. Investors should conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. Please be aware that your transfers and trades are conducted at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor does it provide investment advice. Please note that The Daily Hodl participates in affiliate marketing.
