Asset Manager Susquehanna Holds $1.8 Billion in Bitcoin ETFs
Susquehanna International Group, LLP (SIG), a global trading and investment firm, has revealed in its recent SEC filing that it holds $1.8 billion worth of shares in various U.S. Bitcoin ETF products. This makes it one of the largest known allocations to Bitcoin ETFs among asset managers and hedge funds.
Despite having $438 billion in assets under management, Susquehanna’s Bitcoin ETF allocation is significant. The reporting period ended on March 31, when BTC was trading at $71,000, but it has since dropped to $62,200 as of May 7. This means that if Susquehanna’s ETF shareholdings have remained unchanged, their market value would have also decreased.
Among the Bitcoin ETFs that Susquehanna owns, its largest allocation is with Grayscale, holding $1.092 billion in BTC. The next largest holding is in Fidelity’s Bitcoin ETF, amounting to $83.7 million. It is interesting to note that despite the similar operations of these ETFs, Susquehanna has diversified its holdings across multiple providers.
In addition to Bitcoin spot ETFs, Susquehanna also holds positions in Bitcoin futures and leveraged futures ETFs, including the ProShares Bitcoin Strategy ETF and the Valkyrie Bitcoin Mining ETF.
Overall, Susquehanna’s significant investment in Bitcoin ETFs demonstrates its confidence in the cryptocurrency market and its potential for growth.
