Philadelphia-based trading firm Susquehanna International Group (SIG) is betting on Bitcoin
Philadelphia-based trading firm Susquehanna International Group , which was co-founded by American billionaire businessman Jeff Yass, holds more than $1 billion in Bitcoin exchange-traded funds , according to its most recent portfolio Yass, who co-founded SIG back in 1987, is known for making small bets that offer outsized payouts. In the mid-2000s, he started betting heavily on various Chinese startups.
Notably, the secretive trading giant owns roughly 15% of TikTok owner ByteDance, according to the Wall Street Journal. Its stake is reportedly worth an astonishing $40 billion. However, Yass's TikTok fortune is currently under threat due to a bill that could ban the popular video app in the US. SIG has also made some cryptocurrency bets, For instance, popular cryptocurrency exchange KuCoin secured $10 million worth of funding from the Philadelphia-based trading behemoth. After weeks of bleeding, Bitcoin ETFs have now managed to record net gains for the second consecutive day. On Monday, they managed to attract $217 million worth of inflows. Even Grayscale's GBTC was in the green once again.
Robinhood Receives Wells Notice From SEC Staff, Shiba Inu Burn Rate Surges 4,085%, Cardano Hits 90 Million Transactions in Major Milestone: Crypto News Digest by U.TodayRobinhood Receives Wells Notice From SEC Staff, Shiba Inu Burn Rate Surges 4,085%, Cardano Hits 90 Million Transactions in Major Milestone: Crypto News Digest by U.Today
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