Susquehanna discloses $1.3 billion in spot Bitcoin ETF investments

Susquehanna Worldwide Group disclosed $1.3 billion of investments in spot Bitcoin ETFs in a Could 7 13F submitting.

The corporate reported holding 17.3 million shares of Grayscale’s GBTC throughout three separate investments for a mixed funding of $1.1 billion.

Susquehanna moreover bought 1.3 million shares of Constancy’s FBTC value $83.7 million, 583,049 shares of BlackRock’s IBIT value $23.6 million, 560,832 shares of Bitwise’s BITB value $21.7 million, and 508,824 shares of Ark 21Shares’s ARKB value $36.1 million.

The corporate bought 256,354 shares of VanEck’s HODL value $20.6 million, 255,814 shares of WisdomTree’s BTCW value $19.3 million, 166,200 shares of Invesco’s BTCO value $11.8 million, and 192,391 shares of Valkyrie’s BRRR value $3.9 million.

The mixed investments characterize a small portion of the entire $575.9 billion investments the corporate reported in its newest 13F.

Susquehanna’s purchases embody investments in 9 of the ten spot Bitcoin ETFs at present available on the market. Franklin Templeton’s fund, EZBC, is absent from the corporate’s newest submitting.

Rising institutional funding

Susquehanna Worldwide Group is likely one of the largest corporations to spend money on spot Bitcoin ETFs at this time. The agency describes itself as one of many largest proprietary buying and selling corporations globally, and estimates recommend it has $481 billion of belongings below administration (AUM).

The investments are additionally a part of broader institutional curiosity in spot Bitcoin ETFs through the funds’ first a number of months of availability.

Hightower Advisors and SouthState Financial institution, BNP Paribas, and Burkett Monetary Providers have reported comparable spot Bitcoin ETF investments of their 13F filings. Legacy Wealth Asset Administration and numerous different corporations have additionally reported investments.

Members of BlackRock and Bitwise have predicted continued institutional funding in spot Bitcoin ETFs, a development supported by the most recent disclosures.

This quarter’s 13F filings disclose solely purchases made earlier than March 31, that means that newer purchases might stay undisclosed.

Spot Bitcoin ETFs had a mixed $52 billion of belongings below administration as of Could 7, with $11.7 billion of inflows as of Could 6.

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