On Wednesday, Susquehanna International Group disclosed holdings of approximately $291 million in Bitcoin ETFs. This brings their total Bitcoin ETF holdings to approximately $1.3 billion, representing over 17.5 million shares across various funds. The majority of the recent addition appears to be in BlackRock's iShares Bitcoin ETF (NYSE:IBIT).
The firm's substantial investment signals continued institutional confidence in regulated cryptocurrency investment vehicles. Susquehanna already trades a wide variety of cryptocurrency instruments, including spot, futures, swaps, options, and ETFs on various cryptocurrencies across global exchanges. Their long-term approach to cryptocurrency investment suggests they have a high tolerance for market volatility.
Susquehanna's investment comes amid rising global interest in digital assets and increased regulatory clarity in the U.S. financial sector. Their strategic allocation to Bitcoin ETFs aligns with the growing trend of financial giants embracing blockchain technology and cryptocurrency as key elements of diversified portfolios.
This article is based on our author's analysis of materials taken from the following resources: Benzinga and Yahoo Finance LLC.