Jane Street Reveals Nearly $1 Billion Bet on Bitcoin and Ethereum ETFs

Quantitative trading giant Jane Street revealed nearly $1 billion in Bitcoin (BTC) exchange-traded fund holdings in the second quarter, according to its latest 13F filing released Friday. The firm disclosed roughly $828.19 million invested in iShares Bitcoin Trust ETF (NASDAQ: IBIT) as of June 30, with the remainder of $163.38 million spread across products including Grayscale Bitcoin Trust ETF (NYSE:GBTC) and Fidelity Wise Origin Bitcoin Fund (BATS:FBTC).

The stake is based on the respective ETFs' closing market prices on June 30. Jane Street also boosted its Strategy Inc. (NASDAQ:MSTR) stake substantially, up from 209,833 shares in the first quarter to 2.67 million shares, valued at approximately $232.76 million, in the second quarter.

The firm's Ethereum ETF Stake is sizeable as well, with over $90 million invested in the iShares Ethereum Trust ETF (NASDAQ:ETHA). The remainder of $22.03 million was spread across the Grayscale Ethereum Trust ETF (NYSE:ARCA) and Fidelity Ethereum Fund (BATH: FETH).