Susquehanna, a $438 billion asset management firm has announced that it bought $1.3 billion of Bitcoin Spot ETFs. Susquehanna revealed its Bitcoin ETF Portfolio in a 13F today. SEC filing, spread across multiple ETFs:
- Grayscale BTC: $1,091,029,663 (17,271,326 shares)
- Fidelity Bitcoin ETF: $83 744 633 (1 349 414 shares).
- BlackRock Bitcoin Fund: $23,595,993 (583 049 shares).
- The ETF is worth $536.116.328 (508,824 shares).
- Bitwise Bitcoin ETF: $21,709,807 (560,832 shares)
- Valkyrie Bitcoin ETF: $3,872,831 (192,391 shares)
- Invesco Galaxy ETF: $11,801,862 (166,200 shares)
- VanEck Bitcoin ETF Trust: $20,595,480 (256,354 shares)
- WisdomTree Bitcoin ETF: 19 290 934 dollars (255 814 shares).
Bitcoin ETFs are a diverse group of investment options, but they only serve to increase optimism about the leading crypto currency. Susquehanna International, a proprietary trading firm in the United States is among the biggest firms of its kind. It is a trading firm that deals with all types of listed securities. financial The company focuses on the derivatives market and manages millions of trades on global exchanges every day.
Susquehanna Becomes Largest Big-Name Spot Bitcoin ETF Investor
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/438B-Asset-Manager-Susquehanna-Buys-13B-In-Bitcoin-ETFs.jpeg)
Susquehanna’s Bitcoin holdings will now be a major player in the cryptocurrency industry. Its Bitcoin ETFs now represent the biggest recorded Bitcoin holdings to date.
Spot Bitcoins ETFs are a success. Bitcoin is now the dominant ETF since SEC’s approval of January 2024. Since the beginning of this year, Bitcoin has soared to new heights. BTC is a popular option for those looking to diversify their portfolios. Spot Bitcoin ETFs, from Grayscale and BlackRock among others, have helped the asset become more popular across the United States.
Although the reason for the split is unclear, it is important to note that the spread was still significant. The news comes just a few months after the asset manager Hightower made a similar, albeit not as largeInvestments in Bitcoin ETFs. Susquehanna also piqued the interest of asset management companies in Bitcoins, and exchange-traded fund. In the past months, billions of dollars were invested into Bitcoin and exchange-traded funds.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru