Jane Street Doubles Down on Bitcoin ETF Exposure to $1B
Jane Street's exposure to Bitcoin exchange-traded funds (ETFs) surged in Q2, with holdings increasing by approximately $570 million from $438.4 million to $1.01 billion.
This represents a 130% rise in the quarter and puts Jane Street among major players in the crypto market.
The firm's largest Bitcoin ETF position remained BlackRock's iShares Bitcoin Trust ETF (IBIT) at around $800.5 million, its largest holding by a significant margin.
Jane Street also saw a substantial increase in its XRP ETF exposure, with holdings growing over fivefold to approximately $17 million from $3.3 million in Q1, marking a 420% rise quarter-over-quarter.