PANews reported on May 20 that according to Yahoo Finance, the well-known Wall Street hedge fund Susquehanna International Group recently disclosed that it has increased its holdings of Bitcoin ETFs by $291 million, mainly in BlackRock's IBIT products. The total holdings of the institution's Bitcoin ETFs have reached $1.3 billion, covering more than 17.5 million fund shares.

Susquehanna has continued to increase its holdings since it first established a $1 billion Bitcoin ETF in the first quarter of 2024, showing that the institution is optimistic about compliant crypto investment tools in the long term. The institution also trades a variety of cryptocurrency derivatives such as spot, futures, and options in the global market.