Asset management giant SIG invested $1.3 billion in spot BTC ETF?

Source: Blockchain Knight

Susquehanna International Group disclosed $1.3 billion in spot BTC ETF investments in a 13F filing on May 7.

The company reported holding 17.3 million shares of Grayscale's GBTC in three separate investments, with a total investment of $1.1 billion.

In addition, Susquehanna also purchased 1.3 million shares of Fidelity's FBTC, worth $83.7 million; 583,049 shares of BlackRock's IBIT, worth $23.6 million; 560,832 shares of Bitwise's BITB, worth $21.7 million; and 508,824 shares of Ark 21Shares' ARKB, worth $36.1 million.

As well as 256,354 shares of VanEck’s HODL, valued at $20.6 million; 255,814 shares of WisdomTree’s BTCW, valued at $19.3 million; 166,200 shares of Invesco’s BTCO, valued at $11.8 million; and 192,391 shares of Valkyrie’s BRRR, valued at $3.9 million.

The combined investment represents only a small portion of the $575.9 billion in total investments reported in the company’s latest 13F filing.

Susquehanna’s purchases cover nine of the 10 spot BTC ETFs currently on the market, with only Franklin Templeton’s fund EZBC not appearing in the company’s latest filing.

Susquehanna is one of the largest firms investing in spot BTC ETFs today. In addition, the firm also bills itself as one of the world’s largest proprietary trading firms, with an estimated $481 billion in assets under management (AUM).

These investments also reflect broad institutional interest in spot BTC ETFs in the months since they were launched.

Hightower Advisors, SouthState Bank, BNP Paribas, and Burkett Financial Services have also reported similar spot BTC ETF investments in their 13F filings.

In addition, Legacy Wealth Asset Management and a number of other firms have also reported investments.

Members of BlackRock and Bitwise predict that institutions will continue to invest in spot BTC ETFs, and the latest disclosures support this trend.

This quarter’s 13F filings only disclose purchases prior to March 31, meaning recent purchases may still be undisclosed.

As of May 7, assets under management for spot BTC ETFs totaled $52 billion, with inflows of $11.7 billion as of May 6.