In the latest big-name transaction around Bitcoin, $438 billion asset manager Susquehanna has revealed it purchased $1.3 billion worth of Spot Bitcoin ETFs. Today, Susquehanna disclosed its Bitcoin ETF portfolio in a 13F 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 ETF: $23,595,993 (583,049 shares)
- ARK21 Bitcoin ETF: $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 (255,814 shares)
The diverse set of investments in Bitcoin ETFs is an interesting note, however, it only grows optimism in the world’s leading cryptocurrency nonetheless. Susquehanna International is one of the largest proprietary trading firms in the world. The firm works in trading essentially all listed financial products and asset classes, with a focus on derivatives and handles millions of transactions on exchanges around the world every day.
Susquehanna Becomes Largest Big-Name Spot Bitcoin ETF Investor
Now, Susquehanna will feature in the crypto industry with its whale-ish holdings of Bitcoin. The company’s holding of Bitcoin ETFs is now the largest recorded holding to date of the asset.
The success of Spot Bitcoin ETFs has been undeniable. Since SEC approval in January 2024, the ETF market has been taken over by Bitcoin. Thus, since the start of the year, the asset has skyrocketed to all-time highs. Investors looking for new options to put their money into have looked to BTC as a significant player in stock trading. Additionally, with the help of Spot Bitcoin ETFs from Grayscale, BlackRock, and other options, the asset has become a household name across the country.
There is no clear reason why Susquehanna split up its Spot Bitcoin ETF investments in the way they did, however, the spread is still huge news. It comes not long after asset manager Hightower made a similar, albeit not as large, investment in Bitcoin ETFs. Furthermore, Susquehanna’s investment only raises the interest of other asset management firms in Bitcoin and exchange-traded funds. Furthermore, trillions of dollars have gone into these assets over the past few months, and the train doesn’t appear to be slowing down.