Susquehanna, a global trading and technology firm, is making significant financial commitments to spot Bitcoin exchange-traded funds (ETFs). In a recent filing with the U.S. Securities and Exchange Commission (SEC), the company revealed that it has purchased 17,271,326 shares of Grayscale Bitcoin Trust (GBTC) in three separate transactions totaling $1.09 billion. This investment now stands at a value of $955.10 million, based on the current market price of $55.30 per share, making it Susquehanna’s largest allocation to a spot Bitcoin ETF.

Additionally, Susquehanna has also acquired shares in other Bitcoin ETFs. It purchased 1,349,414 shares of Fidelity Wise Origin Bitcoin Fund (FBTC) for $83.74 million, 583,049 shares of BlackRock’s iShares Bitcoin Trust (IBIT) for $23.6 million, 560,832 shares of Bitwise Bitcoin ETF (BITB) for $21.7 million, and 508,824 shares of ARK 21 Shares Bitcoin ETF (ARKB) for $36.1 million.

Susquehanna’s portfolio also includes 256,354 shares of VanEck Bitcoin Trust (HODL) bought for $20.6 million, 255,814 shares of WisdomTree Bitcoin Fund (BTCW) valued at $19.3 million, 166,200 shares of Invesco Galaxy Bitcoin ETF (BTCO) acquired for $11.8 million, and 192,391 shares of Valkyrie Bitcoin Fund (BRRR) worth $3.9 million. Overall, the firm, which manages $481 billion in assets, has invested a total of $1.31 billion in nine spot Bitcoin ETFs.

It is worth noting that the SEC approved 11 applications to offer BTC investment products in January, but it cautioned that Bitcoin is still considered a volatile and speculative asset.

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