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Susquehanna International Group has disclosed holdings of approximately $291 million in Bitcoin ETFs, the company announced on Wednesday. The company currently trades spot, futures, swaps, options, and ETFs on a wide variety of cryptocurrencies on exchanges around the world. The shares all appear to stem from BlackRock’s iShares Bitcoin ETF. JUST IN: Susquehanna International Group discloses $291 million in Bitcoin ETF holdings. — Watcher.Guru (@WatcherGuru) May 14, 2025 In Q1 2024, Susquehanna International purchased more than $1 billion worth of shares of spot Bitcoin ETFs. Their now $1.3B in Bitcoin ETFs equals over 17.5 million shares. The decision comes amid rising global interest in digital assets and increased regulatory clarity in the U.S. financial sector. SIG’s investment signals a strategic alignment with the growing trend of financial giants embracing blockchain technology and cryptocurrency as key elements of diversified portfolios. Additionally, Susquehanna ha...

Cardano has managed to outshine a large percentage of the digital asset market this week amid news that the crypto asset management firm Grayscale wants to create a spot ADA exchange-traded fund (ETF) for the smart contract platform. The ETF and securities exchange NYSE Arca, a subsidiary of the New York Stock Exchange, submitted a filing with the U.S. Securities and Exchange Commission (SEC) on Monday to propose listing the Grayscale Cardano Trust, which, if approved, would be the first-ever ADA ETF. ADA is trading at $0.804 at time of writing. The 9th-ranked crypto asset by market cap is up nearly 2% in the past day and more than 12% in the past week. By comparison, the overall crypto market cap is down nearly 3% in the past 24 hours and up less than 2% in the past seven days. The SEC greenlit the first spot market Bitcoin (BTC) ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequen...

Amid its ongoing Bitcoin accumulation strategy, Michael Saylor’s MicroStrategy is nearing an all-time high stock price. Indeed, the software technology firm has seen its shares reach $197, which is just 2% away from the record mark as the company looks to continue surging. October has historically been a vital month for the leading cryptocurrency. In turn, it could have a monumental impact on MicroStrategy. With ‘Uptober’ upon us, a surge in Bitcoin’s value could have the company reaching new heights, thanks to its unprecedented BTC accumulation strategy. Source: CNBC Also Read: Michael Saylor’s MicroStrategy Eyes $7B in Profit, Driven by Bitcoin MicroStrategy Stock Nears All-Time High Amid Surging Bitcoin Interest There have been few Bitcoin advocates as loud and as persistent as Michael Saylor. He has consistently spoken of the unlimited potential that the leading cryptocurrency has. Moreover, it hasn’t just been words. The company in which Saylor is CEO ...

The crypto asset management firm Grayscale has seen its CEO, Michael Sonnenshein, officially resign from his position with the company. Indeed, the firm has announced Sonnenshein’s departure after a decade-long tenure as its chief executive. According to a Wall Street Journal report, Sonnenshien will be succeeded by Peter Mintzberg, who is currently the global head of strategy for Goldman Sachs. The report states that Mintzberg will begin his tenure with Grayscale beginning in August. JUST IN: Crypto asset manager Grayscale CEO Michael Sonnenshein resigns. — Watcher.Guru (@WatcherGuru) May 20, 2024 Also Read: Grayscale Bitcoin ETF Breaks Record With 72-Day Outflow Streak Crypto Asset Manager Grayscale CEO Resigns One of the firms behind the years-approved Spot Bitcoin ETFs, Grayscale, has seen its long-time CEO Michael Sonnenshein resign. Indeed, Sonnenshein is set to depart the firm from his executive position, with the move officially coming into effect in ...

XRP Price Sees Bulls After Grayscale Victory It is noteworthy that there was another transaction involving a transfer of 27.6 million XRP from an unnamed wallet to Bitstamp, a major cryptocurrency exchange. These big XRP swings have piqued the interest of the crypto community, prompting concerns about the market’s consequences. advertisement Recent data and market Analysis show that bearish sentiment across the cryptocurrency market is acting as a hurdle for XRP’s potential price breakout. Despite this, XRP’s price managed to display promising price gains within the last 24 hours, trading at $0.5335 with an almost 3% increase. This upward trend can be linked in part to Grayscale’s recent court victory over the U.S. Securities and Exchange Commission (SEC), which may lead to further institutional involvement in the crypto sector. Although the Grayscale triumph has no direct impact on XRP, it does add to the larger story of regulatory devel...

The proposed offer would require both SEC relief and shareholders' approval. According to an end-of-year letter to investors published on Dec. 10, Grayscale Investments' CEO Michael Sonnenshein said that the firm may consider "a tender offer for a portion of the outstanding shares of GBTC [ Grayscale Bitcoin Trust]" if the latter's exchange-traded fund conversion process is ultimately unsuccessful. Sonnenshein stated that "such tender offer would be for no more than 20% of the outstanding shares of GBTC" and would require both regulatory "relief" from the U.S. Securities and Exchange Commission as well as shareholder approval to approve such offer. Grayscale and its subsidiary over-the-counter traded fund GBTC is currently embroiled in a lawsuit with the SEC after the latter denied Grayscale's application to convert the GBTC to a spot Bitcoin ETF on June 29, 2022. As told by Sonnenshein, Grayscale filed its opening brief against the SEC ...