Deniz 
One of the largest asset management companies in the world, Susquehanna International Group, has poured money into Bitcoin using exchange-traded funds.
The characteristics of the investment details are in their magnitude and variety. As at 31 March 2024, Susquehanna held 17,271,326 shares of Grayscale Bitcoin Trust (GBTC) valued at $1. 09 billion. Susquehanna has a preference for Grayscale as it has good liquidity, and hence, it makes a big part of BTC investment.
Surprisingly, Susquehanna also possesses 1,349,414 shares of Fidelity’s spot Bitcoin ETF (FBTC), an investment that is worth $83,74 million. Further, the company has significantly increased its position in the ProShares Bitcoin Strategy ETF (BITO), which follows BTC futures contracts. On this date, BITO shares worth $255 were owned by Susquehanna. 42 million, up 57.59% from a February disclosure as 5,021,149 shares.
Additionally, Susquehanna has holdings in prominent Bitcoin ETFs such as BlackRock, ARK21, Bitwise, Valkyrie, Invesco Galaxy, VanEck, and WisdomTree. Strategic fund selection reflects the firm’s portfolio approach to maximizing investment potential for the Bitcoin.
Apollo CEO and co-founder Julian Fahrer said, “HUGE: Susquehanna International Group is the largest Bitcoin ETF whale to date!10 ETFs hold $1.2 billion!Monsters are here.” This kind of enthusiasm reflects the institutional and increasing investor excitement about cryptocurrency.
This Susquehanna move has a significant effect on the market. Bitcoin ETFs had a strong start but have lost steam in the following weeks. As Susquehanna indicates, institutional investment is increasing, which is expected to enhance the reputation and stability of Bitcoin.
Susquehanna’s Bitcoin bet is diversified. The corporation also had indirect exposure through its investment in MicroStrategy shares, which has a substantial Bitcoin reserve. In a recent rebalancing, Susquehanna reduced its MicroStrategy position by 15% due to its strategic portfolio changes.