World buying and selling and expertise agency Susquehanna is making large investments in spot Bitcoin (BTC) exchange-traded funds (ETFs).
In a brand new filing with the U.S. Securities and Change Fee (SEC), the corporate says it purchased 17,271,326 shares of Grayscale Bitcoin Belief (GBTC) in three tranches of $6.3 million, $1.05 billion and $34.77 million for a complete of $1.09 billion.
The GBTC funding, which is now value $955.10 million based mostly on the present market value of $55.30 per share, represents Susquehanna’s largest spot Bitcoin ETF allocation.
The buying and selling agency additionally purchased 1,349,414 shares of Constancy Clever Origin Bitcoin Fund (FBTC) for $83.74 million, 583,049 shares of BlackRock’s iShares Bitcoin Belief (IBIT) for $23.6 million, 560,832 shares of Bitwise Bitcoin ETF (BITB) for $21.7 million and 508,824 shares of ARK 21 Shares Bitcoin ETF (ARKB) for $36.1 million.
Susquehanna’s portfolio additionally contains 256,354 shares of VanEck Bitcoin Belief (HODL) purchased for $20.6 million, 255,814 shares of WisdomTree Bitcoin Fund (BTCW) valued at $19.3 million at time of buy, 166,200 shares of Invesco Galaxy Bitcoin ETF (BTCO) acquired for $11.8 million and 192,391 shares of Valkyrie Bitcoin Fund (BRRR) value $3.9 million.
In all, the buying and selling large with $481 billion in whole belongings underneath administration (AUM) invested $1.31 billion in 9 spot Bitcoin ETFs.
The SEC greenlit 11 purposes to supply the BTC funding product in January, although it did warn that Bitcoin remains to be thought of a risky and speculative asset.
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