Susquehanna International Group, LLP (SIG), a global trading, technology and investment firm, revealed that it holds more than $1.8 billion in bitcoin exchange-traded funds (ETFs) through a 13F-HR filing filed with the Commission Securities and Exchange Commission (SEC). ), which provides a detailed breakdown of SIG's investment portfolio.
The filling reveals The investment firms' largest positions were in Grayscales bitcoin ETF GBTC, totaling $1,091,029,663.
The documents also revealed that SIG holds positions in ARK 21SHARES bitcoin ETF, BITWISE bitcoin ETF TR, BITWISE FUNDS TRUST (bitcoin AND ETHER), FIDELITY WISE ORIGIN bitcoin, FRANKLIN TEMPLETON DIGITAL bitcoin ETF, GLOBAL x bitcoin TREND, INVESCO GALAXY bitcoin ETF, ISHARES bitcoin TR, PROSHARES TR bitcoin SHORT, PROSHARES TR bitcoin STRATE, PROSHARES TR bitcoin & ETHER, VALKYRIE bitcoin FD, VALKYRIE ETF TRUST II bitcoin AND ETHE, VALKYRIE ETF TRUST II bitcoin MINERS, VALKYRIE ETF TRUST II bitcoin FUTR LEV, VANECK TR, VOLATILITY SHS TR 2X bitcoin STRAT and WISDOMTREE bitcoin FD.
The combined total amount of assets of all these ETFs amounts to more than $1.8 billion at the time of writing.
Interestingly, the investment firm notably owns $4,037,637 worth of ProShares short bitcoin ETF, which aims to offer investors the potential to profit on days when btc drops in price. In addition to this, SIG also owns a Valkyrie bitcoin Futures Leveraged Strategy ETF worth $1,004,552 and a Volatility Shares 2x bitcoin ETF worth $97,856,513, for even more gains on the days when btc price is increasing.
bitcoin ETFs offer institutions a regulated and accessible way to gain exposure to bitcoin price movements, but give up investors' ability to directly own bitcoin.
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SIG's disclosure of holding over $1.8 billion in bitcoin ETFs reflects the growing trend of institutional adoption and investment in bitcoin as part of a diversified investment strategy. Market researchers and analysts expect more institutions to file these 13F-HR documents with the SEC in the coming months, specifically revealing who has been purchasing spot bitcoin ETFs since they went live earlier this year in January.
