Susquehanna Pours $1.8 bn Into Bitcoin ETFs, Leads Institutional Surge
Quantitative trading firm Susquehanna International Group made a significant move in the cryptocurrency market by allocating over $1 billion to Bitcoin exchange-traded funds (ETFs) during the first quarter of 2024.
Susquehanna revealed its Bitcoin ETF holdings in a 13F SEC filing, distributing its investments across various ETFs. The majority of its investments are in the three leading Bitcoin ETFs: Grayscale BTC, Fidelity Bitcoin, and BlackRock Bitcoin.
Specifically, Susquehanna holds 17,271,326 shares of Grayscale BTC, valued at approximately $1.09 billion, 1,349,414 shares of Fidelity Bitcoin, valued at approximately $83.74 million, and 583,049 shares of BlackRock Bitcoin, valued at approximately $23.6 million.
Additionally, Susquehanna has invested in six other BTC ETFs, including ARK21, Bitwise, Valkyrie, Invesco Galaxy, VanEck, and WisdomTree, with a total Bitcoin ETF investment of almost $1.8 billion.
(With inputs from Shikha Singh)
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