$438 Billion Asset Manager Susquehanna Buys $1.3 Billion in Bitcoin ETFs

In the latest major Bitcoin transaction, $438 billion asset manager Susquehanna has revealed it has purchased $1.3 billion worth of Spot Bitcoin ETFs. Today, Susquehanna disclosed its Bitcoin ETF portfolio in a 13F SEC filingspread across multiple ETFs:

  • Grayscale BTC: $1,091,029,663 (17,271,326 shares)
  • Fidelity Bitcoin ETF: $83,744,633 (1,349,414 shares)
  • BlackRock Bitcoin ETF: $23,595,993 (583,049 shares)
  • ARK21 Bitcoin ETF: $536,116,328 (508,824 shares)
  • Bitwise Bitcoin ETF: $21,709,807 (560,832 shares)
  • Valkyrie Bitcoin ETF: $3,872,831 (192,391 shares)
  • Invesco Galaxy ETF: $11,801,862 (166,200 shares)
  • VanEck Bitcoin ETF Trust: $20,595,480 (256,354 shares)
  • WisdomTree Bitcoin ETF: $19,290,934 (255,814 shares)

The diverse range of investments in Bitcoin ETFs is an interesting note, but it nonetheless only increases optimism in the world's leading cryptocurrency. Susquehanna International is one of the largest trading firms in the world. The company trades virtually all listed financial products and asset classes, with a focus on derivatives, and processes millions of transactions every day on exchanges around the world.

Susquehanna becomes the largest big-name Bitcoin ETF investor

Now Susquehanna will play a role in the crypto industry with his whale-like holdings of Bitcoin. The company's holdings of Bitcoin ETFs are now the asset's largest recorded holdings to date.

The success of Spot Bitcoin ETFs is undeniable. Since the SEC's approval in January 2024, the ETF market has been taken over by Bitcoin. So since the beginning of the year, assets have skyrocketed to record highs. Investors looking for new options to put their money into have seen BTC as a major player in stock trading. Moreover, with the help of Spot Bitcoin ETFs from Grayscale, BlackRock and other options, the asset has become a household name across the country.

There's no clear reason why Susquehanna split its Spot Bitcoin ETF investments this way, but the spread is still big news. It comes not long after asset manager Hightower made a similar one, although not as large, investment in Bitcoin ETFs. Furthermore, Susquehanna's investment only piques other asset managers' interest in Bitcoin and exchange-traded funds. Furthermore, trillions of dollars have been poured into these assets in recent months, and the train doesn't appear to be slowing down.