American mathematician-investor Jim Simons’ Renaissance Technologies has revealed its position in GameStop (GME) and spot Bitcoin ETF, as per the latest filing with the U.S. Securities and Exchange Commission (SEC).

Renaissance Technologies Reveals Investment in GameStop and Spot Bitcoin ETF

According to a 13F filing with the U.S. Securities and Exchange Commission (SEC), Renaissance Technologies opened positions in GameStop (GME) shares and invested in spot Bitcoin ETF. The company has purchased over 1 million GME shares worth $12,582.

GameStop (GME) stock price has surged over 48% on Wednesday to hit a high of 52-week high of $64.83. GME stock price has soared over 180% in the last 2 days as trader Keith Patrick Gill known as “Roaring Kitty” returned to Twitter (X) after almost 3 years.

Renaissance Technologies has also invested in spot Bitcoin ETFs, making only small and diversified investments. The company has invested a total of $11,939 in Fidelity Wise Origin Bitcoin ETF (FBTC), Bitwise Bitcoin ETF (BITB), Ark 21Shares Bitcoin ETF (ARKB), Invesco Galaxy Bitcoin ETF (BTCO) and Grayscale’s GBTC.

Several investment funds and investment boards including hedge fund Bracebridge Capital and the State of Wisconsin Investment Board have recently revealed holdings in spot Bitcoin ETFs in the United States.

Also Read: Jerome Powell Speech: Fed Chair Slightly Hawkish After Inflation Data, Bitcoin Jitters Mount

Interest in Spot Bitcoin ETFs Revives

Spot Bitcoin ETFs in the U.S. saw a $66 million net inflow on Monday. Fidelity and Bitwise recorded $38.6 million and $20.3 million, with other spot Bitcoin ETFs witnessing zero inflow.

GBTC also witnessed zero flow, reviving hopes of Bitcoin price upsurge in the coming days as spot Bitcoin ETFs overall turned positive.

BTC price fell nearly 3% today, with the price currently trading near $61,000 again. The 24-hour low and high are $61,156 and $63,422, respectively. However, the trading volume has increased by 11% in over the last 24 hours, indicating a rise in interest among traders.

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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