{"id":297544,"date":"2024-05-08T02:18:06","date_gmt":"2024-05-07T20:48:06","guid":{"rendered":"https:\/\/dripp.zone\/news\/susquehanna-international-holds-1-3b-in-10-bitcoin-etfs-1b-in-gbtc-crypto-news\/"},"modified":"2024-05-08T02:19:49","modified_gmt":"2024-05-07T20:49:49","slug":"susquehanna-international-holds-1-3b-in-10-bitcoin-etfs-1b-in-gbtc-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/susquehanna-international-holds-1-3b-in-10-bitcoin-etfs-1b-in-gbtc-crypto-news\/","title":{"rendered":"Susquehanna International Holds $1.3B in 10 Bitcoin ETFs, $1B in GBTC – Crypto News"},"content":{"rendered":"

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Susquehanna International Group, a $481 billion investment company, on Tuesday revealed holding in 10 Bitcoin exchange-traded funds (ETFs) in the United States. Susquehanna has invested over $1 billion in Grayscale\u2019s GBTC<\/a>, with a total investment of $1.3 billion across multiple spot Bitcoin ETFs.<\/p>\n

Susquehanna Unveils Major Holding in Spot Bitcoin ETFs<\/h2>\n

In a 13F-HR (Institutional investor management report) filed with the U.S. SEC on May 7, Susquehanna International Group revealed a massive $1.3 billion investment in 10 spot Bitcoin ETFs. The company holds the largest investment in GBTC, with 17,271,326 units of GBTC worth $1,091,030. It has become the largest holder of GBTC.<\/p>\n

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Susquehanna is also the largest holder in Fidelity Wise Origin Bitcoin ETF (FBTC<\/strong>). It holds $83,745 in Fidelity Bitcoin ETF. Fidelity is the second largest in terms of inflow, with 8,129 in net spot Bitcoin ETF to date.<\/p>\n

The investment company also scooped holdings in Ark 21shares Bitcoin ETF (ARKB) worth $36,116, iShares Bitcoin ETF (IBIT) worth $23,596, and $21,710 in Bitwise Bitcoin ETF (BITB). Susquehanna has also invested in VanEck, WisdomTree, Invesco Galaxy, Valkyrie, and Franklin Templeton Bitcoin ETFs.<\/p>\n

This is the biggest ownership of Bitcoin ETFs to date indicating massive demand of Bitcoin ETFs from institutional investors. Spot Bitcoin ETFs<\/a> also reporting an increase in inflows to renew investors\u2019 sentiment on Bitcoin price. US Bitcoin ETFs recorded net inflows of $217 million in the latest report.<\/p>\n

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Also Read: Cardano (ADA), Shiba Inu (SHIB), XRP Among Top Crypto Flashing Buy Signals<\/a><\/strong><\/p>\n

Hong Kong Firms Invested Heavily in US Bitcoin ETFs<\/h2>\n

Hong Kong-based investment firms are buying big in spot Bitcoin exchange-traded funds (ETF) in the United States. Ovata Capital Management <\/a>has invested a total of $75.53 million in four U.S.-listed spot Bitcoin ETFs. Ovata has invested $25.93 million to become the largest holder in Fidelity Bitcoin ETF. The company also scooped units in GBTC and BITB worth $21 million and $16 million, respectively. In addition, it holds $10.88 million in BlackRock Bitcoin ETF.<\/p>\n

Hong Kong<\/a>-based\u00a0Yong Rong HK Asset Management<\/strong> remains the largest holder in BlackRock iShares Bitcoin ETF (IBIT) as asset managers reveal their holdings.<\/p>\n

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BTC price<\/a> surpassed over $63,000, with the price currently trading at $63,042. The 24-hour low and high are $62,805 and $64,390, respectively.<\/p>\n

Also Read:<\/strong><\/p>\n

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry. <\/p>\n<\/p><\/div>\n

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