Jane Street Nearly Octuples Fidelity Bitcoin ETF Holdings and Cuts BlackRock IBIT Stake by 19%

Jane Street’s third-quarter filing showed a sharp increase in its Fidelity Bitcoin ETF holdings and a reduction in its BlackRock IBIT position. According to Foresight News, citing Cointelegraph, Jane Street held 7.01 million shares of Fidelity’s FBTC as of September 30, nearly eight times the approximately 887,000 shares it held at the end of June; the position was valued at $509 million. Its IBIT holdings fell 19%, from 24.88 million shares to 20.22 million, while their value rose from $828 million to $957 million as the share price increased. Jane Street also added about 9 million shares of the ARK 21Shares Bitcoin ETF, or ARKB, valued at approximately $249 million. Its holdings of BlackRock’s Ethereum ETF, ETHA, increased by 7.83 million shares to more than double their previous level, with the position valued at about $158 million. JPMorgan added about 1 million IBIT shares in the third quarter, increasing its position 9.6% to 11.41 million shares, valued at approximately $540 million. Its ETHA holdings dropped from 1.17 million shares at the end of June to 399 shares. JPMorgan also increased its Strategy holdings by 36% to approximately 849,000 shares, valued at about $131 million. Laurore, whose registered address is in Hong Kong, reduced its IBIT holdings by 33% to 3.25 million shares, valued at approximately $154 million.