Susquehanna Worldwide Group disclosed $1.3 billion of investments in spot Bitcoin ETFs in a Might 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 price $83.7 million, 583,049 shares of BlackRock’s IBIT price $23.6 million, 560,832 shares of Bitwise’s BITB price $21.7 million, and 508,824 shares of Ark 21Shares’s ARKB price $36.1 million.
The corporate bought 256,354 shares of VanEck’s HODL price $20.6 million, 255,814 shares of WisdomTree’s BTCW price $19.3 million, 166,200 shares of Invesco’s BTCO price $11.8 million, and 192,391 shares of Valkyrie’s BRRR price $3.9 million.
The mixed investments signify 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 the moment in the marketplace. 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 put money into spot Bitcoin ETFs right now. The agency describes itself as one of many largest proprietary buying and selling companies globally, and estimates counsel it has $481 billion of property beneath administration (AUM).
The investments are additionally a part of broader institutional curiosity in spot Bitcoin ETFs in the course of the funds’ first a number of months of availability.
Hightower Advisors and SouthState Financial institution, BNP Paribas, and Burkett Monetary Providers have reported related spot Bitcoin ETF investments of their 13F filings. Legacy Wealth Asset Administration and varied different companies 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, which means that newer purchases could stay undisclosed.
Spot Bitcoin ETFs had a mixed $52 billion of property beneath administration as of Might 7, with $11.7 billion of inflows as of Might 6.
