Jane Street Bets Big on Spot Bitcoin ETFs, Invests $990 Million

Jane Street, a US trading firm, has invested $990 million in spot Bitcoin exchange-traded funds (ETFs). The investment is equivalent to 15,394 BTC at current prices. However, Jane Street holds this position through ETF shares rather than direct Bitcoin ownership.

The disclosure filed with the U.S. Securities and Exchange Commission (SEC) shows that Jane Street allocated a total of $990 million across major spot Bitcoin ETFs, including BlackRock's iShares Bitcoin Trust (IBIT), Fidelity's Wise Origin Bitcoin Fund (WBTC), and Grayscale's Bitcoin Trust (GBTC).

BlackRock's IBIT remains the largest among spot Bitcoin ETFs approved and launched in early 2024. The fund has attracted more money than other cryptocurrency ETFs, with assets under management totaling $47.3 billion.