Global trading technology company Susquehanna has made a huge investment in the Spot Bitcoin (BTC) exchange traded fund (ETF).
In a new filing with the U.S. Securities and Exchange Commission (SEC), the company announced that it will buy 17,271,326 shares of Grayscale Bitcoin Trust (GBTC) in three installments of $6.3 million, $1.05 billion, and $34.77 million. tranches totaling $1.09 billion.
The investment in GBTC is worth $955.1 million based on the current market price of $55.30 per share, making it Susquehanna's largest spot Bitcoin ETF allocation.
The trading firm also purchased 1,349,414 shares of Fidelity Wise Origin Bitcoin Fund (FBTC) for $83.74 million, 583,049 shares of BlackRock's iShares Bitcoin Trust (IBIT) for $23.6 million, and Bitcoin Bought 560,832 shares of Wise Bitcoin ETF (BITB) for $21.7 million and 508,824 shares of Bitcoin ETF for $23.6 million. ARK 21 stocks Bitcoin ETF (ARKB) with his $36.1 million.
Mr. Susquehanna's portfolio includes 256,354 shares of VanEck Bitcoin Trust (HODL), purchased for $20.6 million, and 255,814 shares of WisdomTree Bitcoin Fund (BTCW), valued at $19.3 million at the time of purchase. This includes 166,200 shares of the Invesco Galaxy Bitcoin ETF (BTCO), which was acquired for $11.8 million. and 192,391 shares of Valkyrie Bitcoin Fund (BRRR) worth $3.9 million.
In total, the trading giant with $481 billion in total assets under management (AUM) has invested $1.31 billion in nine spot Bitcoin ETFs.
The SEC gave the green light to 11 applications to offer Bitcoin investment products in January, but warned that Bitcoin is still considered a volatile and speculative asset.
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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