This move reflects a broader trend of institutional interest in regulated cryptocurrency investments. The renowned global trading and investment company, Susquehanna International Group, LLP (SIG), recently disclosed a significant investment in Bitcoin exchange-traded funds (ETFs) to the US Securities and Exchange Commission (SEC) through a 13F filing.
The filing shows that Susquehanna's investment in Bitcoin ETFs across various products amounts to $13 billion, marking a significant allocation in the cryptocurrency space. While Susquehanna's Bitcoin ETF investment only represents a small portion of SIG's $438 billion in assets under management, it far exceeds their previous positions in the first quarter of 2024. Their diversified investment portfolio includes investments in well-known Bitcoin ETFs such as Grayscale's GBTC, Fidelity Bitcoin ETF, BlackRock Bitcoin ETF, ARK21 Bitcoin ETF, Bitwise Bitcoin ETF, Valkyrie Bitcoin ETF, Invesco Galaxy ETF, VanEck Bitcoin ETF Trust, and WisdomTree Bitcoin ETF.
SIG's move underscores institutional growing interest in Bitcoin ETFs as regulated instruments to participate in cryptocurrency price movements. These ETFs offer accessibility and regulatory compliance, catering to institutional investors seeking indirect exposure to Bitcoin.
