Bitcoin News

Susquehanna International Has $291 Million BTC ETF Holdings

by Crypto Hobby

Updated May 31, 2025

Susquehanna International Has $291 Million BTC ETF Holdings - thumbnail

Susquehanna International Group has made headlines by disclosing its substantial holdings of approximately $291 million in Bitcoin exchange-traded funds (ETFs). This announcement, made on Wednesday, highlights the growing interest in digital assets and the strategic moves by financial institutions to embrace cryptocurrency as part of their investment portfolios.

Key Takeaways

Susquehanna International Group holds $291 million in Bitcoin ETFs.
The investment is primarily in BlackRock’s iShares Bitcoin ETF.
The firm has invested over $1 billion in Bitcoin ETFs in Q1 2024.
Susquehanna’s total Bitcoin ETF holdings now exceed $1.3 billion.
Bitcoin's current trading price is $103,000, reflecting a 21% increase in the past month.

Overview of Susquehanna's Investment Strategy

In the first quarter of 2024, Susquehanna International made a significant move by purchasing more than $1 billion worth of shares in spot Bitcoin ETFs. This strategic investment aligns with the increasing global interest in cryptocurrencies and the evolving regulatory landscape in the U.S. financial sector.

The firm’s total investment in Bitcoin ETFs now stands at approximately $1.3 billion, which translates to over 17.5 million shares. This substantial commitment underscores the trend of major financial institutions integrating blockchain technology and digital currencies into their diversified portfolios.

Breakdown of Holdings

Susquehanna's Bitcoin ETF investments are diversified across ten different ETF offerings. The largest portion of their holdings is in the Grayscale Bitcoin ETF, where they have invested over $1 billion. This diversification strategy not only mitigates risk but also positions Susquehanna to capitalize on the potential growth of the cryptocurrency market.

Indirect Exposure to Bitcoin

In addition to their direct investments in Bitcoin ETFs, Susquehanna International also has indirect exposure to Bitcoin's spot price through its holdings in MicroStrategy (MSTR). MicroStrategy, led by CEO Michael Saylor, is recognized as a leading institutional investor in Bitcoin, having acquired billions in the cryptocurrency. This indirect investment further enhances Susquehanna's overall exposure to Bitcoin's price movements.

Recent Portfolio Adjustments

In a recent SEC 13F filing, Susquehanna also revealed that it added 3,620,942 shares of GameStop (GME) to its portfolio. This move indicates a broader strategy of diversifying investments across various sectors, including both traditional equities and emerging digital assets.

Market Context

As of the latest reports, Bitcoin is trading at $103,000, marking a 21% increase over the past month. This surge in price reflects the growing confidence among investors in the cryptocurrency market, driven by increasing institutional adoption and favorable regulatory developments.

In conclusion, Susquehanna International Group's disclosure of its $291 million Bitcoin ETF holdings not only highlights the firm's commitment to digital assets but also signals a broader trend of institutional investment in cryptocurrencies. As the market continues to evolve, such strategic investments may pave the way for further growth and acceptance of Bitcoin and other digital currencies in mainstream finance.