More than $1 billion was invested in Bitcoin ETFs by Susquehanna International Group in Q1 2024, according to a filing with the U.S. SEC.
According to a filing with the U.S. SEC, Susquehanna International Group invested more than $1 billion in Bitcoin ETFs in Q1 2024.
According to a 13F-HR filing on May 7, quantitative trading firm Susquehanna International Group purchased more than $1 billion worth of shares of Bitcoin , with a market value of approximately $1.09 billion as of March 31, 2024. Additionally, Susquehannaowning 1,349,414 shares of the Fidelity Wise Origin Bitcoin Fund , valued at roughly $83.74 million on the same date.its stake in the ProShares Bitcoin Strategy ETF , which gives investors exposure to Bitcoin futures contracts.
Among the company’s top investments are NVIDIA Corporation and the index-tied SPDR S&P 500 ETF Trust. In addition to Bitcoin funds, Susquehanna’s new holdings for the past quarter include shares of the convertible bonds firm Convertible Zero, bonds from NRG Energy Inc., and preferred stocks in Albemarle Corporation.
Bitcoin funds are increasingly being used by trading firms and financial advisers to gain exposure to digital assets. In April, Fidelity’s Bitcoin ETF, Legacy Wealth Management and United Capital Management of Kansas. Each fund invested $20 million in FBTC, joining the fund’s top shareholders. The advisers are popular among a significant population of baby boomers, who own a sizable share of the country's wealth. Legacy Wealth Management manages assets exceeding $359 million, while United Capital Management of Kansas oversees more than $436 million in assets.
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