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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’s <a href="https://coingape.com/grayscale-gbtc-stock-rose-5-sequel-to-first-inflow-since-launch/" target="_blank" rel="noopener noreferrer nofollow">GBTC</a>, with a total investment of $1.3 billion across multiple spot Bitcoin ETFs.
<h2 id="susquehanna-unveils-major-holding-in-spot-bitcoin-etfs">Susquehanna Unveils Major Holding in Spot Bitcoin ETFs</h2>
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.
Susquehanna is also the largest holder in Fidelity Wise Origin Bitcoin ETF (FBTC). 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.
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.
This is the biggest ownership of Bitcoin ETFs to date indicating massive demand of Bitcoin ETFs from institutional investors. <a href="https://coingape.com/bitcoin-etf-inflows-remain-strong-as-wall-street-hopeful-of-fed-rate-cuts/" target="_blank" rel="noopener noreferrer nofollow">Spot Bitcoin ETFs</a> also reporting an increase in inflows to renew investors’ sentiment on Bitcoin price. US Bitcoin ETFs recorded net inflows of $217 million in the latest report.
Also Read: <a title="Cardano (ADA), Shiba Inu (SHIB), XRP Among Top Crypto Flashing Buy Signals" href="https://coingape.com/cardano-ada-shiba-inu-shib-xrp-among-top-crypto-flashing-buy-signals/" target="_blank" rel="noopener noreferrer nofollow">Cardano (ADA), Shiba Inu (SHIB), XRP Among Top Crypto Flashing Buy Signals</a>
<h2 id="hong-kong-firms-invested-heavily-in-us-bitcoin-etfs">Hong Kong Firms Invested Heavily in US Bitcoin ETFs</h2>
Hong Kong-based investment firms are buying big in spot Bitcoin exchange-traded funds (ETF) in the United States. <a href="https://coingape.com/this-firm-invests-75m-in-blackrock-fidelity-bitwise-gbtc-bitcoin-etf-sec-filing/" target="_blank" rel="noopener noreferrer nofollow">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.
<a href="https://coingape.com/breaking-hk-firm-becomes-top-holder-in-blackrock-bitcoin-etf-ibit-bloomberg/" target="_blank" rel="noopener noreferrer nofollow">Hong Kong</a>-based&nbsp;Yong Rong HK Asset Management remains the largest holder in BlackRock iShares Bitcoin ETF (IBIT) as asset managers reveal their holdings.
<a href="https://coingape.com/price/bitcoin" target="_blank" rel="noopener noreferrer nofollow">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.
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The post <a href="https://coingape.com/susquehanna-international-holds-1-3b-in-bitcoin-etfs-gbtc/" rel="noopener noreferrer nofollow">Breaking: Susquehanna International Holds $1.3B in 10 Bitcoin ETFs, $1B in GBTC</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Breaking: Susquehanna International Holds $1.3B in 10 Bitcoin ETFs, $1B in GBTC

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