Crypto 350

2024/08/06 14:54

Freshly published SEC filings have uncovered a mas

Freshly published SEC filings have uncovered a massive Bitcoin whale holding nine-figure funds spread across multiple U.S. Bitcoin ETF products. According to a May 7 13F-HR filing submitted to the Securities and Exchange Commission (SEC), Susquehanna International Group, LLP (SIG) holds $1.8 billion worth of shares in such products.

Massive Asset Manager Buys Bitcoin ETFs
Susquehanna is a global trading and investment firm with $438 billion in assets under management. Though its Bitcoin ETF allocation is just a fraction of its total investments, it is a far larger position than any witnessed for Q1 2024 so far.
Assuming the asset manager’s ETF shareholdings have stayed flat since then, their market value – designed to track BTC’s value – has likely plunged as well.

It represents one of the largest known allocations to Bitcoin ETFs among any asset manager or hedge fund, however – particularly those who use the ETFs as their preferred investment vehicle.

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