Jane Street Reduces GBTC Holdings by 85%, Acquires IBIT Shares Worth $221M

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Journalist

Tanzeel Akhtar

Journalist

Tanzeel Akhtar

Last updated:

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Jane Street BTC ETF

Wall Street trading firm Jane Street has significantly reduced exposure to Grayscale Bitcoin Trust (GBTC) by 85%. The firm acquired 6,474,742 shares of the BlackRock iShares Bitcoin Trust ETF (IBIT) valued at $221 million.

Latest data from Fintel shows Jane Street made its first purchase of IBIT, the newly launched spot Bitcoin exchange-traded fund (ETF) in the second quarter of this year.

Source: Fintel

Market Maker Doubles Fidelity FBTC Exposure

Jane Street also increased holdings in the Fidelity Wise Origin Bitcoin Fund (FBTC) by 1,472,906 shares up 46% with a holding value of $233 million. In the previous quarter, the firm held 2,984,656 shares.

The wall street giant increased holdings of 123,033 shares in the Invesco Galaxy Bitcoin ETF (BTCO) up 142% with a holding value of $12.53 million.

The firm increased its holdings in the Franklin Bitcoin ETF (EZBC) by 252,360 up 187% with a value of $13.48 million.

Jane Street Reduces Ark, Grayscale, VanEck Exposure

Latest data shows that in the second quarter, Jane Street sold 940,927 shares of Bitwise Bitcoin ETF (BITB) down 68%, with a holding value of $14.664 million.

The firm also sold 423,617 ARK 21Shares Bitcoin ETF (ARKB) shares -12% with a holding value of $177 million. As well as reduced exposure to the VanEck Bitcoin Trust (HODL) by 34,657 shares down -52% with a holding value of $22.04 million.

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