Susquehanna International Group, a behemoth in asset management with a trading volume handling numerous financial products globally, has made a substantial investment in Bitcoin through various exchange-traded funds (ETFs). A disclosure to the Securities and Exchange Commission (SEC) on May 7 revealed that Susquehanna held approximately $1.2 billion in spot ETFs during the first quarter of 2024.<\/p>\n
The details of the investment are particularly notable for their scale and diversity. Susquehanna now holds 17,271,326 shares in the Grayscale<\/a> Bitcoin Trust (GBTC), which alone is worth approximately $1.09 billion as of March 31, 2024. This single investment represents a significant portion of the entire BTC investment, indicating Susquehanna’s preference for Grayscale due to its high liquidity.<\/p>\n Further diversification in Susquehanna’s holdings includes 1,349,414 shares of Fidelity<\/a>‘s spot Bitcoin ETF (FBTC), valued at roughly $83.74 million. In addition, the firm has significantly increased its stake in the ProShares Bitcoin Strategy ETF (BITO), which offers exposure to BTC futures contracts. Susquehanna owned 7,907,827 shares of BITO as of the same date, valued at approximately $255.42 million \u2014 this represents a 57.59% increase from a February filing that listed 5,021,149 shares.<\/p>\n