Susquehanna International Group, the asset manager with a portfolio valued at $438 billion, has disclosed a significant investment in Bitcoin ETFs. They have reported a $1.3 billion investment spread across various Bitcoin ETFs, with the largest being a $1 billion investment in Grayscale’s GBTC. This move reflects the growing institutional interest in cryptocurrency as an asset class.
The details of their Bitcoin ETF investments are as follows:
Grayscale Bitcoin Trust (GBTC):
17,271,326 shares valued at approximately $1.09 billion.
Fidelity Wise Origin Bitcoin Fund (FBTC):
1,349,414 shares valued at around $83.74 million.
ProShares Bitcoin Strategy ETF (BITO):
7,907,827 shares valued at about $255.42 million.
This investment is part of Susquehanna’s strategy to gain exposure to digital assets, and it represents a small fraction of their overall portfolio. It’s noteworthy that such a large and diversified investment in Bitcoin ETFs by a prominent asset manager could signal confidence in the cryptocurrency market.
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