Coinspeaker
SEC Filing Confirms Susquehanna International Group Invested $1B in Grayscale Bitcoin ETF

On Tuesday, May 7, Susquehanna International Group submitted the 13F-HR filing to the US Securities and Exchange Commission (SEC) stating that they purchased more than $1 billion worth of shares of different Bitcoin ETFs during the first quarter of the year.

As per the SEC disclosure, the firm owns 17,271,326 shares in the Grayscale Bitcoin Trust (GBTC) worth more than $1.09 billion as of March 31, 2024. In addition to this, the Susquehanna International Group owns 1,349,414 shares of the Fidelity Wise Origin Bitcoin Fund (FBTC), valued at roughly $83.74 million.

The investment firm has also been increasing its stake in other Bitcoin ETF offerings. For e.g. it has a stake in the ProShares Bitcoin Strategy ETF (BITO) that gives exposure to Bitcoin futures contracts. As shared by investment research firm Fintel, Susquehanna has been massively buying BITO shares during Q1. In February, the firm owned 5,021,149 BITO shares. this number surged by 58% the next month in March wherein it owned 7,907,827 BITO shares worth a s...