Bitcoin ETF

Bitcoin

Giant

Billion

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Philadelphia-based trading firm Susquehanna International Group (SIG), which was co-founded by American billionaire businessman Jeff Yass, holds more than $1 billion in Bitcoin exchange-traded funds (ETFs), according to its most recent portfolio&nbsp;<a href="https://twitter.com/PhoenixTrades_/status/1787905495992246598" rel="noopener noreferrer nofollow">update</a>.&nbsp;&nbsp;&nbsp;&nbsp;
SIG is a market maker in more than 600 public companies, including Microsoft and JPMorgan Chase.&nbsp;
Yass, who co-founded SIG back in 1987, is known for making small bets that offer outsized payouts. In the mid-2000s, he started betting heavily on various Chinese startups.&nbsp;
Notably, the secretive trading giant owns roughly 15% of TikTok owner ByteDance, according to the Wall Street Journal. Its stake is reportedly worth an astonishing $40 billion.&nbsp;&nbsp;
However, Yass's TikTok fortune is currently under threat due to a bill that could ban the popular video app in the US.&nbsp;
SIG has also made some cryptocurrency bets, For instance, popular cryptocurrency exchange KuCoin secured $10 million worth of funding from the Philadelphia-based trading behemoth.&nbsp;
<h2 id="more-bitcoin-etf-inflows">More Bitcoin ETF inflows &nbsp;</h2>
After weeks of bleeding, Bitcoin ETFs have now managed to record net gains for the second consecutive day. On Monday, they managed to attract $217 million worth of inflows. Even Grayscale's GBTC was in the green once again.&nbsp;
As&nbsp;<a href="https://u.today/38-million-worth-of-blackrocks-ibit-scooped-up-by-hong-kong-based-asset-management-firm" rel="noopener noreferrer nofollow">reported by U.Today</a>, BlackRock's Robert Mitchnick recently predicted growing demand for Bitcoin ETFs from institutional investors. Major institutions are preparing to dip their toes into the newfangled asset class by performing due diligence.&nbsp;

Trading Giant Susquehanna Holds $1 Billion in Bitcoin ETFs

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