A Deep Dive into Susquehanna International Group’s Bitcoin ETF Investments 📈
If you’ve been keeping an eye on institutional players in the cryptocurrency space, you might be interested in the recent bold move by Susquehanna International Group. The quantitative trading leader disclosed in its most recent SEC filing that it has aggressively expanded its portfolio with over $1.1 billion invested in Bitcoin exchange-traded funds (ETFs). This strategic investment showcases a strong shift towards digital assets, underlining the company’s growing confidence in cryptocurrency as a viable asset class.
Exploring Susquehanna’s Bitcoin ETF Choices 🧐
Let’s take a closer look at the specific Bitcoin ETFs that Susquehanna International Group has invested in:
- The largest holding is in the Grayscale Bitcoin Trust (GBTC), with an investment of approximately $1.09 billion for 17,271,326 shares.
- Susquehanna also holds 1,349,414 shares in the Fidelity Wise Origin Bitcoin BTC ETF (FBTC), valued at about $83.74 million.
- The BlackRock iShares Bitcoin Trust (IBIT) is part of its portfolio, with 583,049 shares worth approximately $23.6 million.
Additionally, Susquehanna has investments in several other Bitcoin ETFs:
- $536.1 million in 508,824 shares of the ARK 21Shares Bitcoin ETF (ARKB)
- $21.71 million for 560,832 shares in the Bitwise Bitcoin ETF (BITB)
Smaller yet significant holdings include:
- The Valkyrie Bitcoin Fund (BRRR), with 192,391 shares valued at $3.87 million
- The Invesco Galaxy Bitcoin ETF (BTCO), with 166,200 shares worth $11.8 million
Additionally, Susquehanna has exposure to:
- The VanEck Bitcoin ETF Trust (HODL) with 256,354 shares valued at $20.6 million
- The WisdomTree Bitcoin ETF (BTCW) with 255,814 shares valued at $19.29 million
Furthermore, the firm has significantly increased its exposure to Bitcoin futures through the ProShares Bitcoin Strategy ETF (BITO), with a holding of nearly 8 million shares valued at approximately $255.42 million.
Market Trends and Community Buzz 🚀
The move by Susquehanna International Group is in line with a noticeable trend among other institutional investors towards Bitcoin ETFs. This shift has sparked enthusiasm within the crypto community, with notable figures like Crypto YouTuber Healthy Pockets expressing optimism about institutional adoption of digital assets.
“Institutional adoption is going to be best, and it has only just begun,” Healthy Pockets shared on Twitter.
Moreover, Susquehanna’s actions align with other players in the market, such as Hightower, who have also ramped up their investments in Bitcoin ETFs. This collective movement reflects a renewed interest in US spot Bitcoin ETFs and signals a positive outlook for the future of digital assets.
Closing Thoughts 🌟
As institutional players like Susquehanna International Group continue to embrace digital assets through significant investments in Bitcoin ETFs, the cryptocurrency market is evolving rapidly. The growing confidence in cryptocurrency as a legitimate asset class by major financial institutions indicates a promising future for digital currencies.
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