Jane Street's $1B Bet on Bitcoin ETFs Revealed as Q2 Holdings Soar

Jane Street, a prominent quant trading firm with a significant focus on crypto, has disclosed over $1 billion in U.S. spot Bitcoin ETF holdings as of the second quarter of this year.

The company's latest Form 13F filing with the Securities and Exchange Commission (SEC), dated August 14th, reveals that BlackRock's iShares Bitcoin Trust (IBIT) accounts for the majority of its position, totaling roughly $828 million in investments.

Jane Street also expanded its exposure across crypto exchange-traded funds beyond Bitcoin, including positions in Fidelity's FBTC and Grayscale's GBTC.

The firm's Q2 filing showed it holding more than 1.2 million shares of Bitwise's spot XRP ETF, compared to just 20,605 shares three months earlier. It also reported positions in XRP products from Franklin Templeton, Grayscale, Canary Capital, and 21Shares.