SIG Surpasses $1.3B in Bitcoin ETFs, GBTC Now the Core Holding

SIG now holds over $1.3B in Bitcoin ETFs, including $1.09B in GBTC, while maintaining put positions against the Canary XRP ETF.

A new disclosure from Susquehanna International Group (SIG) shows that the firm has expanded its exposure to Bitcoin through spot ETF holdings, crossing $1.3 billion as the company signals long-term confidence in the asset despite current market pressure.

SIG Reveals Expanding Bitcoin ETF Exposure

Susquehanna International Group confirmed that its spot Bitcoin ETF holdings have moved above $1.3 billion.

The firm reported the updated figure after submitting its latest SEC 13F filings, which continue to show growing exposure across several digital asset products.

The company stated that its position reflects a multi-year strategy. SIG said the allocation is shaped by quantitative models that examine liquidity, product design, and fee structures across ETFs.

The firm added that this approach aims to create a stable portfolio framework rather than short-term trading.

Grayscale’s GBTC remains the center of its holdings. SIG reported ownership of more than 17.27 million GBTC shares, valued at over $1.09 billion at the end of the reporting period.

The position has been maintained across multiple filings dating back several quarters.

Firm Maintains Long-Term View Despite Market Drop

SIG reiterated that its Bitcoin ETF exposure reflects a sustained view of Bitcoin as a store-of-value asset.

A company statement said, “It’s a long-term conviction in Bitcoin as a premier store of value.”

This comes as Bitcoin continues to trade lower amid broader risk-off sentiment and a market downturn.

Spot Bitcoin ETFs have experienced continued outflows across the month, though inflows returned with $88.1 million recorded on Friday.

Market analysts noted the upward adjustment after a period of steady withdrawals from several major funds.

The firm has previously taken positions in Ethereum, Solana, and XRP products, though none match the scale of its GBTC allocation.

The latest filing shows consistent interest across multiple digital assets despite shifting market conditions.

Related Reading: $100B in 400 Days: How Bitcoin ETFs Changed the ETF Industry

SIG Takes Bearish XRP Position Through Put Options

Alongside its Bitcoin exposure, SIG confirmed a bearish position on the Canary XRP ETF (XRPC).

The filing shows 18,800 XRPC put options valued at about $366,000. Citadel Advisors LLC also reported XRPC put positions worth roughly $216,000.

Despite selling activity from some firms, other institutions have disclosed XRP exposure.

These include Goldman Sachs, Jane Street, and JPMorgan Chase, which reported XRP ETF holdings in recent filings.

Industry data shows continued XRP ETF inflows supported by several trading firms.

At the time of reporting, Bitcoin trades near $65,000 after a 3% daily drop, while XRP is down 7% to $1.36.

Trading volume has increased over the past 24 hours as volatility remains elevated across major assets.

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