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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The post Breaking: Jim Simons’ Renaissance Tech Invests in GameStop Shares and Bitcoin ETF appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am