Tech
Jim Simons’ Renaissance Tech invests in GameStop shares and five Bitcoin ETFs
Renaissance Technologies, American mathematician investor Jim Simons, has revealed his position in GameStop (GME) and spot Bitcoin ETF, according to the latest document filed with the US Securities and Exchange Commission (SEC).
Renaissance Technologies Reveals Investments 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) and invested in Bitcoin spot ETFs. The company purchased over 1 million GME shares worth $12,582.
GameStop (GME) stock price rose more than 48% on Tuesday, hitting a 52-week high of $64.83. The GME stock price is up over 180% in the last 2 days as trader Keith Patrick Gill known as “Roaring Kitty” returned to Twitter (X) after nearly 3 years.
Renaissance Technologies has also invested in spot Bitcoin ETFs, making only small, diversified investments. The company 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 committees, including hedge fund Bracebridge Capital and the State of Wisconsin Investment Board, have recently disclosed holdings in spot Bitcoin ETFs in the United States.
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Interest in Spot Bitcoin ETFs is picking up
Stain Bitcoin ETFs in the United States on Monday there was a net inflow of $66 million. Fidelity and Bitwise recorded $38.6 million and $20.3 million, while other spot Bitcoin ETFs saw zero inflows.
GBTC also witnessed zero inflow, reviving hopes of a rise in Bitcoin prices in the coming days as spot Bitcoin ETFs turned positive overall.
BTC price It is down 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, trading volume has increased by 11% in the past 24 hours, indicating an increase in interest among traders.
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Varinder has 10 years of experience in the Fintech industry, with over 5 years dedicated to blockchain, cryptocurrency and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000 news stories, articles and documents. With CoinGape Media, Varinder believes in the enormous potential of these innovative future technologies. He is currently covering all the latest updates and developments in the cryptocurrency industry.