Jane Street Reveals Nearly $1 Billion in Bitcoin ETF Holdings

Quantitative trading firm Jane Street has revealed that it holds nearly $1 billion in Bitcoin through exchange-traded funds. According to a regulatory filing, Jane Street owns 15,394 BTC worth of ETFs, with the lion's share being held in BlackRock's iShares Bitcoin Trust.

The firm's largest holding is in BlackRock's fund, which totals $828 million. This makes it one of the biggest investors in the popular spot Bitcoin ETF, which has received more cash than any other crypto ETF and currently manages $47.3 billion in assets.

Jane Street's massive Bitcoin position comes at a time when the firm has been making significant gains in net trading revenue. Despite posting its first losing month in about a decade, Jane Street has already made over $40 billion in net trading revenue year-to-date, surpassing last year's record of $39.6 billion.