Did asset management giant SIG invest $1.3 billion in a spot BTC ETF?
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Did asset management giant SIG invest $1.3 billion in a spot BTC ETF?
In the months following the launch of spot BTC ETFs, these investments have reflected broad institutional interest in these funds.
Navigating Web3 tides with focused insightsSource: cryptoslate
Compiled by: Blockchain Knight
Susquehanna International Group disclosed $1.3 billion in spot BTC ETF investments in its 13F filing submitted on May 7.
The firm reported holding 17.3 million shares of Grayscale’s GBTC across three separate investments, totaling $1.1 billion.
In addition, Susquehanna purchased 1.3 million shares of Fidelity’s FBTC, worth $83.7 million; 583,049 shares of BlackRock’s IBIT, valued at $23.6 million; 560,832 shares of Bitwise’s BITB, worth $21.7 million; and 508,824 shares of Ark 21Shares’ ARKB, valued at $36.1 million.
It also acquired 256,354 shares of VanEck’s HODL, worth $20.6 million; 255,814 shares of WisdomTree’s BTCW, valued at $19.3 million; 166,200 shares of Invesco’s BTCO, worth $11.8 million; and 192,391 shares of Valkyrie’s BRRR, valued at $3.9 million.
In the firm’s latest 13F report, total reported holdings amounted to $575.9 billion, with these combined investments representing only a small portion.
Susquehanna’s purchases cover nine out of the ten currently available spot BTC ETFs in the market, with only Franklin Templeton’s fund EZBC absent from the company’s latest filing.
Susquehanna is one of the largest companies investing in spot BTC ETFs today. The firm also claims to be one of the world’s largest proprietary trading firms, managing an estimated $481 billion in assets (AUM).
In the months since spot BTC ETFs launched, these investments reflect broad institutional interest in such funds.
Hightower Advisors, SouthState Bank, BNP Paribas, and Burkett Financial Services have also reported similar spot BTC ETF investments in their 13F filings.
Additionally, Legacy Wealth Asset Management and several other firms have disclosed their investment positions.
Representatives from BlackRock and Bitwise predict that institutions will continue investing in spot BTC ETFs, a trend supported by these latest disclosures.
This quarter’s 13F filings only disclose purchases made before March 31, meaning recent activity may not yet be reflected.
As of May 7, spot BTC ETFs collectively manage $52 billion in assets, with $11.7 billion in inflows recorded as of May 6.
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