Jane Street Reveals $990M Stake in Bitcoin ETFs Amid $15B Trading Loss
Jane Street's recent SEC filing revealed that it holds a $990 million position in Bitcoin ETFs, primarily invested in BlackRock's iShares Bitcoin Trust as of June 30.
This disclosure coincides with Jane Street's announcement of a $15 billion trading loss in July, its worst month in a decade, due to margin calls linked to an AI hedge fund and weak Asian equity bets.
However, the firm operates mainly as a market maker rather than a directional investor, so this large Bitcoin ETF position likely reflects hedging or client demand rather than bullish sentiment.