Hedge fund Susquehanna increases its holdings of Bitcoin ETF by $291 million, bringing its total holdings to $1.3 billion

05-20

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PANews reported on May 20th that according to Yahoo Finance, the Wall Street-renowned hedge fund Susquehanna International Group has recently disclosed an additional investment of $291 million in Bitcoin ETF, primarily allocated to BlackRock's IBIT product. The institution's total Bitcoin ETF holdings have reached $1.3 billion, covering over 17.5 million fund shares.

Since first establishing a $1 billion Bitcoin ETF position in the first quarter of 2024, Susquehanna has continued to increase its holdings, demonstrating the institution's long-term optimism towards compliant crypto investment tools. The institution simultaneously trades various crypto derivatives including spot, futures, and options across global markets.

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