Crypto News – Spot Bitcoin ETFs: Susquehanna Unveils 1.3 Billion Dollars Investment

Crypto News- In a recent revelation through their May 7 13F filing, Susquehanna International Group has unveiled a substantial investment totaling $1.3 billion in spot Bitcoin ETFs.

Crypto News – Spot Bitcoin ETF Surge: Susquehanna Announces 1.3 Billion Dollars Investment

Their strategic move includes holding 17.3 million shares of Grayscale’s GBTC, indicating a significant commitment of $1.1 billion across three separate investments.

But Susquehanna’s investment portfolio doesn’t stop there. They’ve diversified with purchases including 1.3 million shares of Fidelity’s FBTC ($83.7 million), 583,049 shares of BlackRock’s IBIT ($23.6 million), and more, totaling investments in nine out of ten spot Bitcoin ETFs currently available.

Institutional Giants Embrace Spot Bitcoin ETFs: Susquehanna Leads the Charge

This bold move by Susquehanna, one of the largest proprietary trading firms globally boasting $481 billion in assets under management (AUM), underscores the growing institutional interest in spot Bitcoin ETF. Other heavyweights like Hightower Advisors and SouthState Bank, among others, have also signaled their entry into this market.

Institutional Fervor Fuels Surge in Spot Bitcoin ETFs: Insights from Industry Leaders

These disclosures come amidst a backdrop of heightened institutional investment in spot Bitcoin ETF, a trend predicted to continue according to insiders at BlackRock and Bitwise. As of May 7, spot Bitcoin ETF collectively managed $52 billion in assets, with substantial inflows indicating sustained investor interest.

Institutional Strategy: Susquehanna’s Long-Term Bet on Cryptocurrency

While the recent 13F filings shed light on purchases made before March 31, it’s evident that institutional players like Susquehanna are positioning themselves for the long haul in the crypto space.

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