Susquehanna International Holds $1.3B in 10 Bitcoin ETFs, $1B in GBTC

Susquehanna International Group, a $481 billion AUM funding firm, 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 complete funding of $1.3 billion throughout a number of spot Bitcoin ETFs.

Susquehanna Unveils Major Holding in Spot Bitcoin ETFs

In a 13F-HR (Institutional investor administration report) filed with the U.S. SEC on May 7, Susquehanna International Group revealed an enormous $1.3 billion funding in 10 spot Bitcoin ETFs. The firm holds the most important funding in GBTC, with 17,271,326 models of GBTC price $1,091,030. It has change into the most important holder of GBTC.

Susquehanna can also be the most important holder in Fidelity Wise Origin Bitcoin ETF (FBTC). It holds $83,745 in Fidelity Bitcoin ETF. Fidelity is the second largest in phrases of influx, with 8,129 in web spot Bitcoin ETF thus far.

The funding firm additionally scooped holdings in Ark 21shares Bitcoin ETF (ARKB) price $36,116, iShares Bitcoin ETF (IBIT) price $23,596, and $21,710 in Bitwise Bitcoin ETF (BITB). Susquehanna has additionally invested in VanEck, WisdomTree, Invesco Galaxy, Valkyrie, and Franklin Templeton Bitcoin ETFs.

This is the largest possession of Bitcoin ETFs thus far indicating large demand of Bitcoin ETFs from institutional buyers. Spot Bitcoin ETFs additionally reporting a rise in inflows to resume buyers’ sentiment on Bitcoin value. US Bitcoin ETFs recorded web inflows of $217 million in the newest report.

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Hong Kong Firms Invested Heavily in US Bitcoin ETFs

Hong Kong-based funding corporations are shopping for large in spot Bitcoin exchange-traded funds (ETF) in the United States. Ovata Capital Management has invested a complete of $75.53 million in 4 U.S.-listed spot Bitcoin ETFs. Ovata has invested $25.93 million to change into the most important holder in Fidelity Bitcoin ETF. The firm additionally scooped models in GBTC and BITB price $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 stays the most important holder in BlackRock iShares Bitcoin ETF (IBIT) as asset managers reveal their holdings.

BTC price surpassed over $63,000, with the value at the moment buying and selling at $63,042. The 24-hour high and low are $62,805 and $64,390, respectively.

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Varinder has 10 years of expertise in the Fintech sector, with over 5 years devoted to blockchain, crypto, and Web3 developments. Being a expertise fanatic and analytical thinker, he has shared his data of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes in the massive potential of those modern future applied sciences. He is at the moment overlaying all the newest updates and developments in the crypto business.

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