Susquehanna International Group, a $481 billion AUM investment company, on Tuesday revealed holding in 10 Bitcoin exchange-traded funds (ETFs) in the United States. Susquehanna has invested over $1 billion in Grayscale’s GBTC, with a total investment of $1.3 billion across multiple spot Bitcoin ETFs.
Susquehanna Unveils Major Holding in Spot Bitcoin ETFs
In a 13F-HR (Institutional investor management report) filed with the U.S. SEC on May 7, Susquehanna International Group revealed a massive $1.3 billion investment in 10 spot Bitcoin ETFs. The company holds the largest investment in GBTC, with 17,271,326 units of GBTC worth $1,091,030. It has become the largest holder of GBTC.
Susquehanna is also the largest holder in Fidelity Wise Origin Bitcoin ETF (FBTC). It holds $83,745 in Fidelity Bitcoin ETF. Fidelity is the second largest in terms of inflow, with 8,129 in net spot Bitcoin ETF to date.
The investment company also scooped holdings in Ark 21shares Bitcoin ETF (ARKB) worth $36,116, iShares Bitcoin ETF (IBIT) worth $23,596, and $21,710 in Bitwise Bitcoin ETF (BITB). Susquehanna has also invested in VanEck, WisdomTree, Invesco Galaxy, Valkyrie, and Franklin Templeton Bitcoin ETFs.
This is the biggest ownership of Bitcoin ETFs to date indicating massive demand of Bitcoin ETFs from institutional investors. Spot Bitcoin ETFs also reporting an increase in inflows to renew investors’ sentiment on Bitcoin price. US Bitcoin ETFs recorded net inflows of $217 million in the latest report.
Also Read: Cardano (ADA), Shiba Inu (SHIB), XRP Among Top Crypto Flashing Buy Signals
Hong Kong Firms Invested Heavily in US Bitcoin ETFs
Hong Kong-based investment firms are buying big in spot Bitcoin exchange-traded funds (ETF) in the United States. Ovata Capital Management has invested a total of $75.53 million in four U.S.-listed spot Bitcoin ETFs. Ovata has invested $25.93 million to become the largest holder in Fidelity Bitcoin ETF. The company also scooped units in GBTC and BITB worth $21 million and $16 million, respectively. In addition, it holds $10.88 million in BlackRock Bitcoin ETF.
Hong Kong-based Yong Rong HK Asset Management remains the largest holder in BlackRock iShares Bitcoin ETF (IBIT) as asset managers reveal their holdings.
BTC price surpassed over $63,000, with the price currently trading at $63,042. The 24-hour low and high are $62,805 and $64,390, respectively.
Also Read:
- Binance CEO Reveals $150 Million Bribe, Conflicts With Nigeria’s Government
- Here’s Why Bitcoin Price Is Falling Suddenly
- Donald Trump To Support Bitcoin Price Rally Amid Regulatory Uncertainty
The post Breaking: Susquehanna International Holds $1.3B in 10 Bitcoin ETFs, $1B in GBTC appeared first on CoinGape.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed