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Susquehanna International Group Invests $1.3 Billion in Bitcoin ETFs

Published 05/08/2024, 06:24 PM
Updated 05/08/2024, 06:45 PM
© Reuters. Susquehanna International Group Invests $1.3 Billion in Bitcoin ETFs

  • Susquehanna International Group reveals $1.3 billion investment in 10 Spot Bitcoin ETFs in the United States.

  • The platform acquired 17,271,326 shares in the Grayscale Bitcoin Trust (GBTC), valued at about $1.09 billion.

  • The firm invested $83+ million to purchase 1,349,414 shares of the Fidelity Wise Origin Bitcoin Fund (FBTC).

In a recent development, Susquehanna International Group, a global quantitative trading firm, revealed that the firm holds about $1.3 billion in investments in 10 Spot Bitcoin Exchange Traded Funds (ETFs) in the United States.

Reportedly, Susquehanna International Group has purchased almost 17,271,326 shares in the Grayscale Bitcoin Trust (GBTC), valued at about $1.09 billion. In addition, the firm also invested more than $83 million to purchase 1,349,414 shares of the Fidelity Wise Origin Bitcoin Fund (FBTC).

Susquehanna International Group’s other Bitcoin ETF investments include Ark 21shares Bitcoin ETF (ARKB), iShares Bitcoin ETF (IBIT), Bitwise Bitcoin ETF (BITB), etc. Notably, the platform boasts $36,116 in ARKB, $23,596 in IBIT, and $21,710 in BITB. In addition, the platform holds investments in Bitcoin ETFs issued by asset m…

The post Susquehanna International Group Invests $1.3 Billion in Bitcoin ETFs appeared first on Coin Edition.

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