Susquehanna and G1 Report 5.1% Stake in Asset Entities (ASST)

Rhea-AI Filing Summary

Asset Entities Inc. Schedule 13G discloses that G1 Execution Services, LLC and Susquehanna Securities, LLC report beneficial ownership of 802,693 shares of Class B common stock, equal to 5.1% of the 15,624,395 shares outstanding as of June 30, 2025. The filing separately notes that Susquehanna's reported amount includes options to buy 801,200 shares.

The reporting persons are affiliated independent broker-dealers and state they may be deemed a group; each reports specific sole and shared voting and dispositive powers (G1: sole voting 1,110, shared voting 802,693; Susquehanna: sole voting 801,583, shared voting 802,693). The filing certifies holdings were acquired in the ordinary course of business and not for the purpose of changing or influencing control, and includes a Joint Filing Agreement as Exhibit 99.

Positive

• Clear disclosure of beneficial ownership totaling 802,693 shares (5.1%) enhances transparency for investors.
• Certification that holdings were acquired in the ordinary course of business and not to influence control clarifies reporting intent.

Negative

• Group affiliation between the reporting broker-dealers may create ambiguity around sole versus shared ownership and control claims.
• Large option component (Susquehanna reports options to buy 801,200 shares) complicates the effective ownership picture without further detail on exercise timing.

Insights

Securities Analyst

Passive 5.1% stake disclosed; holdings include substantial option exposure.

The Schedule 13G shows a disclosed beneficial position of 802,693 shares, representing 5.1% of Class B stock, with Susquehanna reporting options for 801,200 shares. The filing is presented under passive reporting standards and includes certification that the position was acquired in the ordinary course of business and not to influence control. For investors, the direct stake is non-controlling but material enough to warrant monitoring, particularly given the large option component explicitly included in the beneficial ownership calculation.

Corporate Governance Expert

Affiliated broker-dealers disclose shared and sole powers, with group status noted but disclaimers applied.

The filing clarifies that G1 Execution Services and Susquehanna Securities are affiliated independent broker-dealers that "may be deemed a group," and it details both sole and shared voting and dispositive powers for each entity. The reporting persons disclaim ownership of shares owned directly by the other, which creates a clear but complex disclosure of voting/despositive arrangements. The inclusion of a Joint Filing Agreement as an exhibit formalizes the cooperative reporting approach.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Asset Entities Inc.

(Name of Issuer)

Class B Common Stock, $0.0001 par value per share

(Title of Class of Securities)

04541A204

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 04541A204

1

Names of Reporting Persons

G1 Execution Services, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,110.00
6	Shared Voting Power 802,693.00
7	Sole Dispositive Power 1,110.00
8	Shared Dispositive Power 802,693.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

802,693.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

BD, OO

Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC and Susquehanna Securities, LLC are affiliated independent broker-dealers, which may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.

SCHEDULE 13G

CUSIP No. 04541A204

1

Names of Reporting Persons

Susquehanna Securities, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 801,583.00
6	Shared Voting Power 802,693.00
7	Sole Dispositive Power 801,583.00
8	Shared Dispositive Power 802,693.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

802,693.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

BD, OO

Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC and Susquehanna Securities, LLC are affiliated independent broker-dealers, which may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Asset Entities Inc.
(b)	Address of issuer's principal executive offices: 100 Crescent Ct, 7th Floor, Dallas, TX 75201
Item 2.
(a)	Name of person filing: This statement is filed by the entities listed below, who are collectively referred to herein as "Reporting Persons" with respect to the shares of Class B Common Stock, $0.0001 par value per share (the "Shares"), of Asset Entities Inc. (the "Company"). (i) G1 Execution Services, LLC (ii) Susquehanna Securities, LLC
(b)	Address or principal business office or, if none, residence: The address of the principal business office of G1 Execution Services, LLC is: 175 W. Jackson Blvd. Suite 1700 Chicago, IL 60604 The address of the principal business office of Susquehanna Securities, LLC is: 401 E. City Avenue Suite 220 Bala Cynwyd, PA 19004
(c)	Citizenship: Citizenship is set forth in Row 4 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(d)	Title of class of securities: Class B Common Stock, $0.0001 par value per share
(e)	CUSIP No.: 04541A204
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by this Item 4(a) is set forth in Row 9 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The number of Shares reported as beneficially owned by Susquehanna Securities, LLC includes options to buy 801,200 Shares. The Company's Quarterly Report on Form 10-Q, filed on August 5, 2025, indicates that there were 15,624,395 Shares outstanding as of June 30, 2025.
(b)	Percent of class: 5.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by this Item 4(c)(i) is set forth in Row 5 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
	(ii) Shared power to vote or to direct the vote: The information required by this Item 4(c)(ii) is set forth in Row 6 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
	(iii) Sole power to dispose or to direct the disposition of: The information required by this Item 4(c)(iii) is set forth in Row 7 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
	(iv) Shared power to dispose or to direct the disposition of: The information required by this Item 4(c)(iv) is set forth in Row 8 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

G1 Execution Services, LLC

Signature:	/s/ Brian Sopinsky
Name/Title:	Brian Sopinsky, Secretary
Date:	08/13/2025

Susquehanna Securities, LLC

Signature:	/s/ Brian Sopinsky
Name/Title:	Brian Sopinsky, Secretary
Date:	08/13/2025

Exhibit Information

EXHIBIT INDEX EXHIBIT DESCRIPTION ________ ________ 99 Joint Filing Agreement