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International Business Times
International Business Times
Business
Marvie Basilan

Susquehanna Reveals Billion-Dollar Bitcoin ETF Treasury

Susquehanna Bitcoin ETF Grayscale BlackRock Crypto SIG
Financial institutions are jumping into the crypto market, as a second entity disclosed it purchased over a billion worth of Bitcoin ETFs. (Credit: Kostenlose Bilder mit KI/flickr)

KEY POINTS

  • Susquehanna bought Bitcoin ETFs from BlackRock, ARK 21 Shares, and more
  • The market maker's largest bet was on Grayscale's GBTC
  • SIG is the second financial institution so far this week that disclosed BTC ETF ownership

Quantitative trading firm and market maker Susquehanna International Group (SIG) on Tuesday disclosed that it has purchased over $1 billion worth of Bitcoin exchange-traded funds (ETFs) during the first quarter of the year.

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