MSTR - Major Trading Firm Purchased $1B Worth Of Bitcoin ETFs In Q1 | Benzinga
Susquehanna International Group, a prominent quantitative trading firm, has significantly expanded its holdings in various Bitcoin-related exchange-traded funds (ETFs), according to the latest SEC filings.
What Happened: As of the first quarter of 2024, the firm's investment in these digital asset vehicles surpassed the $1 billion mark, Cointelegraph reported.
The firm’s recent 13F-HR filing, dated May 7, revealed its substantial acquisition of 17,271,326 shares in the Grayscale Bitcoin Trust (OTC:GBTC), which had a market value of approximately $1.09 billion by March 31, 2024.
Additionally, Susquehanna has taken a sizeable position in the Fidelity Wise Origin Bitcoin Fund (BATS:FBTC), holding 1,349,414 shares valued at around $83.74 million.
Further diversifying its Bitcoin exposure, Susquehanna increased its investment in the ...