News - Susquehanna invests $1.3 billion in Bitcoin ETFs

By Mike Hesp

Susquehanna invests $1.3 billion in Bitcoin ETFs

Bitcoin (BTC)

At more than ten percent, asset manager Susquehanna contributed significantly to the net flows of Bitcoin Spot ETFs.

As evidenced by a filing with the SEC, U.S. asset manager Susquehanna has invested approximately $1.3 billion in Bitcoin ETF's. With a $1 billion stake, the Grayscale Bitcoin Trust (GBTC) appears to be the most popular with Susquehanna. Following in second and third place are Fidelity and BlackRock with $83 million and $23 million, respectively. In total, Susquehanna has invested in nine of the approved Bitcoin Spot ETFs.

Susquehanna is with a managed assets of more than $500 billion one of the largest trading companies in the world. With net flows totaling $11 billion, investment products on Bitcoin have been a great success so far. However, there have been more outflows in recent weeks, mainly due to the Grayscale ETF.

The price of the leading cryptocurrency is also currently flat. In the past 30 days, Bitcoin has fallen eight percent and is currently quoting $62,990 at the time of writing.

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