Susquehanna International Group (SIG) Has Purchased More Than $1 Billion of Bitcoin (BTC) ETFs

The financial giant added approximately $291 million in Bitcoin ETFs, with the majority appearing to come from BlackRock's iShares Bitcoin ETF (NYSE:IBIT).

According to recent regulatory disclosures, financial giant Susquehanna International Group LLP has been making a substantial bet on Bitcoin (CRYPTO: BTC) ETFs in recent months.

What Happened: Commencing in the third quarter of 2023, Susquehanna gradually built up a sizable position in Bitcoin ETFs, beginning with an initial investment of nearly $608 million, disclosing a total of $1,164 million by the fourth quarter.

suggest that the firm had acquired approximately $291 million in Bitcoin ETFs by the first quarter of 2024.

Among the ETFs in which Susquehanna invested, the majority appears to come from BlackRock’s iShares Bitcoin ETF (NYSE:IBIT).

See More: Best Cryptocurrency ETFs

Why It's Important: As of the fourth quarter of 2023, had purchased more than $1 billion worth of shares in spot Bitcoin ETFs.

The move highlights the growing interest among institutional investors in gaining exposure to Bitcoin through familiar, regulated investment vehicles such as ETFs.

Moreover, these products provide institutional-grade liquidity for large position entries and exits, which is crucial for institutions that manage sizable portfolios.

Another significant aspect is that ETFs eliminate the need for institutions to handle direct cryptocurrency custody, which carries operational and security implications.

Finally, ETFs integrate seamlessly with existing investment frameworks, trading platforms, and reporting systems, rendering them a convenient and efficient way for institutions to allocate capital to cryptoassets.

Related Link: Bitcoin Price Prediction: Will Bulls Take Charge Or Is A Deep Correction Imminent?

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With Plus500, traders can speculate on the price movements of crypto futures without having to deal with the complexities of cryptocurrency wallets or custody. They can also practice different trading strategies with Plus500's demo account, which allows traders to trade with virtual funds in a risk-free environment.

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Plus500 offers a variety of instruments, including crypto futures, forex, and CFDs. It is regulated by the Financial Conduct Commission (ئیلجیئس) in the United Kingdom and provides a safe and secure trading environment. With Plus500, traders can speculate on the price movements of crypto futures without having to deal with the complexities of cryptocurrency wallets or custody. Traders can also practice different trading strategies with Plus500's demo account, which allows traders to trade with virtual funds in a risk-free environment. To learn more about Plus500 and its offerings, visit the company's website or contact its customer support team.

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suggest that Susquehanna's total Bitcoin ETF holdings now stand at approximately $1.3 billion, representing over 17.5 million shares across various funds. Among these funds are iShares Bitcoin ETF (NYSE:IBIT), Invesco Bitcoin Trust (NYSE:BITO), and WisdomTree Bitcoin Trust (NYSE:WBT).

This contribution will help the legal technology company to develop new legal technology solutions that can help to improve the efficiency and effectiveness of the legal system.

"We are grateful for the support of Susquehanna International Group in our work to advance the legal technology industry," said the CEO of the legal technology company. "This contribution will help us to continue developing innovative solutions that can make a real difference in the lives of people around the world."

The financial technology company is a strong supporter of the legal technology industry and is committed to investing in companies that are developing groundbreaking solutions to pressing legal challenges.

"We believe that the legal technology industry is poised for tremendous growth, and we are proud to support the work of the legal technology company," said a representative from the financial technology company. "Their work is making a valuable contribution to the legal system, and we look forward to seeing what they achieve in the future."

The contribution was announced at the annual meeting of the American Bar Association (ئیلجیئس).

suggest that Susquehanna had sold about half of its existing holding in the iShares Bitcoin ETF (NYSE:IBIT) during the fourth quarter, decreasing its stake from nearly 14.5 million shares to 7.3 million shares by the end of December.

The firm also disclosed a new holding in the Invesco Bitcoin Trust (NYSE:BITO) ETF, reporting an ownership of between 10,000 and 50,000 shares.

Additionally, Susquehanna's regulatory filings indicate that it had acquired a position in the WisdomTree