Latest news with #SusquehannaInternationalGroup
Phone Arena
21-07-2025
- Business
- Phone Arena
A major US player has quit the race to buy TikTok
I bet that the vast majority of US TikTok users have kind of forgotten that the app is facing a ban in the land of the free and the home of the the contrary, TikTok influencers and creators – and all those who make money on the platform – have surely not forgotten about it all. It's simple: ByteDance, the China-based owner of TikTok, has to divest from the app and sell it to a US-based party. Since the inauguration, President Trump has spoken up about TikTok on several occasions, though nothing substantial followed his remarks. In a way, TikTok is in a limbo… for the moment. This period of uncertainty can be expanded, now that another key player has apparently dropped out of the race to acquire TikTok. Reuters has some insider information: Blackstone has pulled out of a consortium that was seeking to invest in TikTok's US operations. The decision comes amid repeated delays surrounding a potential deal that has become entangled in the ongoing US-China trade negotiations. Despite the naming, Blackstone and BlackRock are separate companies that were once connected through BlackRock's early history. BlackRock was originally part of Blackstone before being spun off in 1994. Blackstone had initially planned to acquire a minority stake in TikTok's US business. The consortium, led by Susquehanna International Group and General Atlantic (both current investors in TikTok's parent company ByteDance) had emerged as the leading contender to take control of the platform's US operations. Under the proposed terms, US investors would own 80 percent of the business, with ByteDance retaining a minority stake. The deadline for ByteDance to divest TikTok's US arm has been repeatedly pushed back, leaving investors uncertain about the platform's future. Trump recently signed a third executive order extending the deadline to September extensions have drawn criticism from some lawmakers, who argue that the administration is ignoring national security risks posed by TikTok's Chinese ownership. In response to mounting pressure, ByteDance is evaluating multiple strategies, including selling or restructuring its US operations. The company, which reported $43 billion in revenue during the first quarter of this year, recently overtook Meta in quarterly earnings, according to a sale eventually goes through, the US version of TikTok would likely be owned by a joint venture between ByteDance and a group of American investors. Sources indicate TikTok is already working on a US-specific app to prepare for that possibility. Are you?
Yahoo
18-07-2025
- Business
- Yahoo
Exclusive-Blackstone drops out of consortium bid for TikTok US, source says
By Dawn Chmielewski and Krystal Hu (Reuters) -Private equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok's U.S. operations, a source familiar with the matter told Reuters on Friday. The latest change came as uncertainty has mounted and there have been several delays in the TikTok deal now at the center of U.S.-China trade talks. Blackstone had planned to take a minority stake in the TikTok U.S. business in a deal orchestrated by President Donald Trump. The consortium is led by Susquehanna International Group and General Atlantic, current investors in TikTok's Chinese owner ByteDance. The group had emerged as the front-runner to secure TikTok's U.S. business in a deal under which U.S. investors would own 80% of TikTok, while ByteDance would retain a minority stake. Blackstone declined to comment. TikTok did not immediately respond to a request for comment. The deadline for ByteDance to divest the popular social media app in the U.S. has been repeatedly postponed, creating uncertainty for investors. Last month, Trump signed a third executive order extending the deadline for ByteDance to sell TikTok or face a ban, moving the cutoff to September 17. In April 2024, Congress passed a law mandating a sale or shutdown of TikTok by January 19, 2025. Extensions to the deadline have drawn criticism from some lawmakers, who argue the Trump administration is 'flouting the law' and ignoring national security concerns related to Chinese control over TikTok. ByteDance is exploring various options to address these concerns, including selling or restructuring its U.S. operations. The Chinese social media giant, which raked in $43 billion in the first three months of this year, recently surpassed Meta in quarterly revenue, sources told Reuters. The U.S. consortium, favored by the administration in any TikTok deal, also includes KKR, as well as new investors such as Andreessen Horowitz, Reuters previously reported. Oracle is also likely to take a stake. It is unclear whether other bidders in the consortium are still involved. A deal had been in the works this spring to spin off TikTok's U.S. operations into a new U.S.-based firm. Talks were put on hold after China indicated it would not approve the transaction, following Trump's announcement of steep tariffs on Chinese goods. If a sale is finalized, the new U.S. app is expected to be owned by a joint venture formed by an American investor consortium and ByteDance, which would maintain a minority stake. TikTok is already working on a U.S.-specific app, sources told Reuters. Blackstone's exit highlights the complexities and uncertainties involved in the deal, as the ongoing talks over TikTok's fate have now become part of Trump's broader trade negotiations with China, and Trump said he would speak to President Xi Jinping about it. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Major Hedge Fund Adds $291 Million In Bitcoin ETFs As Market Records Substantial Inflows
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Trading powerhouse Susquehanna International Group continues to maintain substantial cryptocurrency exposure through ETFs, according to recent regulatory disclosures. The financial giant added approximately $291 million in Bitcoin ETFs, with the majority appearing to come from BlackRock's iShares Bitcoin ETF (NYSE:IBIT). Susquehanna International Group, one of Wall Street's most sophisticated trading firms, disclosed holdings of approximately $291 million in Bitcoin ETFs in their recent announcement on Wednesday. This follows their significant move in Q1 2024, when the firm purchased more than $1 billion worth of shares in spot Bitcoin ETFs. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . According to their latest SEC filing, Susquehanna's total Bitcoin ETF holdings now stand at approximately $1.3 billion, representing over 17.5 million shares across various funds. The firm's substantial investment signals continued institutional confidence in regulated cryptocurrency investment vehicles. Susquehanna already trades a wide variety of cryptocurrency instruments, including spot, futures, swaps, options, and ETFs on various cryptocurrencies across global exchanges. Susquehanna's investment comes amid rising global interest in digital assets and increased regulatory clarity in the U.S. financial sector. Their strategic allocation to Bitcoin ETFs aligns with the growing trend of financial giants embracing blockchain technology and cryptocurrency as key elements of diversified portfolios. For institutional investors like Susquehanna, Bitcoin ETFs offer several advantages: Regulatory Clarity: ETFs provide exposure to Bitcoin through a familiar, regulated investment vehicle. Custody Solutions: ETFs eliminate the need for institutions to handle direct cryptocurrency custody, a significant operational and security concern. Integration with Existing Systems: ETFs slot easily into current investment frameworks, trading platforms, and reporting systems. Liquidity Access: These products offer institutional-grade liquidity for large position entries and exits. It's important for investors to understand the broader context of Susquehanna's Bitcoin strategy. The firm has maintained significant exposure to Bitcoin for years, establishing positions at much lower price levels than today's market. Their long-term approach to cryptocurrency investment suggests they have a high tolerance for market volatility. While their additional $291 million investment signals continued confidence, investors should exercise caution in interpreting this as a signal for immediate price appreciation. As an experienced market maker and trading firm, Susquehanna is likely comfortable with potential short-term drawdowns on their recent purchases. Trending: New to crypto? on Coinbase. For the average investor, Susquehanna's continued investment provides validation of institutional interest in the space, but should not be misinterpreted as a timing signal for short-term market movements. Their willingness to add to positions even after significant price appreciation demonstrates confidence in the asset class's long-term prospects, regardless of interim volatility. The broader market continues to embrace these investment vehicles enthusiastically. As of May 14, Bitcoin ETFs recorded impressive net inflows of $319.5 million in a single day. The breakdown of these flows reveals interesting investor preferences: BlackRock's iShares Bitcoin Trust, dominated with $232.9 million in inflows Fidelity Wise Origin Bitcoin Fund (NYSE:FBTC) attracted $36.1 million Bitwise Bitcoin ETF Trust (NYSE:BITB) added $2.8 million ARK 21Shares Bitcoin ETF (NYSE:ARKB) saw $5.2 million in new investments Valkyrie Bitcoin Fund (NASDAQ:BTCW) had no reported flows ProShares Bitcoin Strategy ETF (NYSE:BTC) received $35.2 million VanEck Bitcoin Trust (CBOE BZX: HODL) attracted $7.3 million Notably, Grayscale's GBTC recorded no inflows, continuing its pattern since converting to an ETF structure earlier this year. For retail investors watching these institutional moves, there are several key takeaways: Institutional Validation: The continued investment from major firms like Susquehanna provides further legitimacy to Bitcoin as an asset class. ETF Convenience Factor: The strong inflows into Bitcoin ETFs highlight their appeal as a convenient way to gain cryptocurrency exposure without dealing with wallets, keys, or direct custody concerns. Market Maturation: The consistent investment patterns signal a maturing market with increased comfort among both institutional and retail investors. As Bitcoin continues to establish itself as a mainstream financial asset, ETFs are playing a crucial role in broadening access for various investor types. Susquehanna's significant holdings represent just one example of how institutional capital continues to find its way into the cryptocurrency ecosystem through regulated investment products. For the average investor, Bitcoin ETFs provide a familiar, regulated pathway into cryptocurrency markets, as evidenced by the consistent inflows they continue to attract. The continued participation of sophisticated players like Susquehanna suggests these investment vehicles are becoming an increasingly important part of the financial landscape. Read Next: A must-have for all crypto enthusiasts: . 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Send To MSN: 0 This article Major Hedge Fund Adds $291 Million In Bitcoin ETFs As Market Records Substantial Inflows originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Major Hedge Fund Adds $291 Million In Bitcoin ETFs As Market Records Substantial Inflows
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Trading powerhouse Susquehanna International Group continues to maintain substantial cryptocurrency exposure through ETFs, according to recent regulatory disclosures. The financial giant added approximately $291 million in Bitcoin ETFs, with the majority appearing to come from BlackRock's iShares Bitcoin ETF (NYSE:IBIT). Susquehanna International Group, one of Wall Street's most sophisticated trading firms, disclosed holdings of approximately $291 million in Bitcoin ETFs in their recent announcement on Wednesday. This follows their significant move in Q1 2024, when the firm purchased more than $1 billion worth of shares in spot Bitcoin ETFs. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . According to their latest SEC filing, Susquehanna's total Bitcoin ETF holdings now stand at approximately $1.3 billion, representing over 17.5 million shares across various funds. The firm's substantial investment signals continued institutional confidence in regulated cryptocurrency investment vehicles. Susquehanna already trades a wide variety of cryptocurrency instruments, including spot, futures, swaps, options, and ETFs on various cryptocurrencies across global exchanges. Susquehanna's investment comes amid rising global interest in digital assets and increased regulatory clarity in the U.S. financial sector. Their strategic allocation to Bitcoin ETFs aligns with the growing trend of financial giants embracing blockchain technology and cryptocurrency as key elements of diversified portfolios. For institutional investors like Susquehanna, Bitcoin ETFs offer several advantages: Regulatory Clarity: ETFs provide exposure to Bitcoin through a familiar, regulated investment vehicle. Custody Solutions: ETFs eliminate the need for institutions to handle direct cryptocurrency custody, a significant operational and security concern. Integration with Existing Systems: ETFs slot easily into current investment frameworks, trading platforms, and reporting systems. Liquidity Access: These products offer institutional-grade liquidity for large position entries and exits. It's important for investors to understand the broader context of Susquehanna's Bitcoin strategy. The firm has maintained significant exposure to Bitcoin for years, establishing positions at much lower price levels than today's market. Their long-term approach to cryptocurrency investment suggests they have a high tolerance for market volatility. While their additional $291 million investment signals continued confidence, investors should exercise caution in interpreting this as a signal for immediate price appreciation. As an experienced market maker and trading firm, Susquehanna is likely comfortable with potential short-term drawdowns on their recent purchases. Trending: New to crypto? on Coinbase. For the average investor, Susquehanna's continued investment provides validation of institutional interest in the space, but should not be misinterpreted as a timing signal for short-term market movements. Their willingness to add to positions even after significant price appreciation demonstrates confidence in the asset class's long-term prospects, regardless of interim volatility. The broader market continues to embrace these investment vehicles enthusiastically. As of May 14, Bitcoin ETFs recorded impressive net inflows of $319.5 million in a single day. The breakdown of these flows reveals interesting investor preferences: BlackRock's iShares Bitcoin Trust, dominated with $232.9 million in inflows Fidelity Wise Origin Bitcoin Fund (NYSE:FBTC) attracted $36.1 million Bitwise Bitcoin ETF Trust (NYSE:BITB) added $2.8 million ARK 21Shares Bitcoin ETF (NYSE:ARKB) saw $5.2 million in new investments Valkyrie Bitcoin Fund (NASDAQ:BTCW) had no reported flows ProShares Bitcoin Strategy ETF (NYSE:BTC) received $35.2 million VanEck Bitcoin Trust (CBOE BZX: HODL) attracted $7.3 million Notably, Grayscale's GBTC recorded no inflows, continuing its pattern since converting to an ETF structure earlier this year. For retail investors watching these institutional moves, there are several key takeaways: Institutional Validation: The continued investment from major firms like Susquehanna provides further legitimacy to Bitcoin as an asset class. ETF Convenience Factor: The strong inflows into Bitcoin ETFs highlight their appeal as a convenient way to gain cryptocurrency exposure without dealing with wallets, keys, or direct custody concerns. Market Maturation: The consistent investment patterns signal a maturing market with increased comfort among both institutional and retail investors. As Bitcoin continues to establish itself as a mainstream financial asset, ETFs are playing a crucial role in broadening access for various investor types. Susquehanna's significant holdings represent just one example of how institutional capital continues to find its way into the cryptocurrency ecosystem through regulated investment products. For the average investor, Bitcoin ETFs provide a familiar, regulated pathway into cryptocurrency markets, as evidenced by the consistent inflows they continue to attract. The continued participation of sophisticated players like Susquehanna suggests these investment vehicles are becoming an increasingly important part of the financial landscape. Read Next: A must-have for all crypto enthusiasts: . 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Send To MSN: 0 This article Major Hedge Fund Adds $291 Million In Bitcoin ETFs As Market Records Substantial Inflows originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Axios
11-04-2025
- Business
- Axios
These are the Philadelphia region's newest billionaires
Half of the Philadelphia region's newest billionaires are making a fortune in real estate, per Forbes' annual list. Why it matters: The region minted at least four new billionaires from last year. State of play: Twenty-five entrepreneurs, investors and heirs out of the more than 3,000 on this year's list live in Pennsylvania, per Forbes. Meanwhile, at least 16 billionaires live in the Philly region or founded companies with headquarters here. 💰 Top dog: Jeffrey Yass, the co-founder of trading firm Susquehanna International Group, was the region's highest-ranked billionaire. The Haverford resident's net worth more than doubled over the past year to reach $59 billion, good enough for 25th on this year's list. Newcomers: The latest billionaires from or linked to the region to land on the list include: 🏠 Mitchell Morgan (net worth of $5.5 billion) is the founder and CEO of Conshohocken-based Morgan Properties, the third-largest owner of apartments in the U.S. 🏗️ Real magnate Bruce E. Toll ($1.9 billion), the co-founder of Fort Washington-based Toll Brothers. 🎤 Plus: Reading-native and global pop superstar Taylor Swift made the cut again this year, ranking 2,110th with a net worth of $1.6 billion.
