Susquehanna International Group adds $1B in Bitcoin ETFs to portfolio
According to a filing with the U.S. SEC, Susquehanna International Group invested more than $1 billion in Bitcoin ETFs in Q1 2024.
According to a 13F-HR filing on May 7, quantitative trading firm Susquehanna International Group purchased more than $1 billion worth of shares of Bitcoin (BTC) exchange-traded funds (ETFs) in the first quarter of 2024.
The firm disclosed to the Securities and Exchange Commission ownership of 17,271,326 shares in the Grayscale Bitcoin Trust (GBTC), with a market value of approximately $1.09 billion as of March 31, 2024. Additionally, Susquehanna reported owning 1,349,414 shares of the Fidelity Wise Origin Bitcoin Fund (FBTC), valued at roughly $83.74 million on the same date.
Moreover, the firm increased its stake in the ProShares Bitcoin Strategy ETF (BITO), which gives investors exposure to Bitcoin futures contracts. According to investment research firm Fintel, Susquehanna owned 7,907,827 shares of BITO as of March 31, valued at approximately $255.42 million — up 57.59% from a February filing that listed 5,021,149 shares.
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Author: Ana Paula Pereira
