Susquehanna discloses $1.3 billion in spot Bitcoin ETF investments Susquehanna discloses $1.3 billion in spot Bitcoin ETF investments
The firm mainly holds GBTC, which makes up $1.1 billion of the total.
1 min read
Updated: May. 7, 2024 at 10:55 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Susquehanna International Group disclosed $1.3 billion of investments in spot Bitcoin ETFs in a May 7 13F filing.
The company reported holding 17.3 million shares of Grayscale’s GBTC across three separate investments for a combined investment of $1.1 billion.
Susquehanna additionally purchased 1.3 million shares of Fidelity’s FBTC worth $83.7 million, 583,049 shares of BlackRock’s IBIT worth $23.6 million, 560,832 shares of Bitwise’s BITB worth $21.7 million, and 508,824 shares of Ark 21Shares’s ARKB worth $36.1 million.
The company purchased 256,354 shares of VanEck’s HODL worth $20.6 million, 255,814 shares of WisdomTree’s BTCW worth $19.3 million, 166,200 shares of Invesco’s BTCO worth $11.8 million, and 192,391 shares of Valkyrie’s BRRR worth $3.9 million.
The combined investments represent a small portion of the total $575.9 billion investments the company reported in its latest 13F.
Susquehanna’s purchases include investments in nine of the ten spot Bitcoin ETFs currently on the market. Franklin Templeton’s fund, EZBC, is absent from the company’s latest filing.
Growing institutional investment
Susquehanna International Group is one of the largest companies to invest in spot Bitcoin ETFs today. The firm describes itself as one of the largest proprietary trading firms globally, and estimates suggest it has $481 billion of assets under management (AUM).
The investments are also part of broader institutional interest in spot Bitcoin ETFs during the funds’ first several months of availability.
Hightower Advisors and SouthState Bank, BNP Paribas, and Burkett Financial Services have reported similar spot Bitcoin ETF investments in their 13F filings. Legacy Wealth Asset Management and various other firms have also reported investments.
Members of BlackRock and Bitwise have predicted continued institutional investment in spot Bitcoin ETFs, a trend supported by the latest disclosures.
This quarter’s 13F filings disclose only purchases made before March 31, meaning that more recent purchases may remain undisclosed.
Spot Bitcoin ETFs had a combined $52 billion of assets under management as of May 7, with $11.7 billion of inflows as of May 6.
Mentioned in this article
Bitcoin 
Grayscale Bitcoin Trust 
Fidelity Wise Origin Bitcoin Trust 
iShares Bitcoin Trust 
Bitwise Bitcoin ETF 
ARK 21Shares Bitcoin ETF 
VanEck Bitcoin Trust 
WisdomTree Bitcoin Fund 
Valkyrie Bitcoin Fund 
Invesco Galaxy Bitcoin ETF Author 
Mike Dalton
Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada's West Coast.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
The Grayscale Bitcoin Trust (GBTC) is a digital currency investment product that provides investors with access to Bitcoin through traditional investment channels.
The Fidelity Wise Origin Bitcoin Trust (FBTC) is a spot Bitcoin ETF that offers investors exposure to the price of Bitcoin.
The BlackRock Bitcoin ETF, known as the iShares Bitcoin Trust (IBIT), is an investment fund that provides regulated exposure to Bitcoin for investors.
The Bitwise Bitcoin ETF (BITB) is a newly launched exchange-traded fund that provides investors with exposure to Bitcoin.
The ARK 21Shares Bitcoin ETF (ARKB) is a digital asset ETF that seeks to track the performance of bitcoin, as measured by the performance of the CME CF Bitcoin Reference Rate – New York Variant (the “Index”).
The VanEck Bitcoin Trust is an investment product that allows investors to gain exposure to Bitcoin through a traditional brokerage account.
The WisdomTree Bitcoin Fund (BTCW) is an exchange-traded fund that provides exposure to the price of Bitcoin, less expenses and liabilities.
The Valkyrie Bitcoin Fund, offered by Valkyrie Funds, provides investors with exposure to the digital asset economy.
The Invesco Galaxy Bitcoin ETF is a new exchange-traded fund that tracks the performance of Bitcoin.
