Jane Street, the popular quant trading firm oriented toward crypto, disclosed over $1 billion in U.S. spot Bitcoin ETF holdings as of the second quarter. According to its 13F filing with the SEC, the firm holds approximately $828 million in BlackRock’s IBIT, alongside positions in Fidelity and Grayscale ETFs. This represents a significant increase from the first quarter, when Jane Street had cut its IBIT position by 71% before rebuilding it during Q2. The firm also significantly expanded its crypto exposure by holding over 1.2 million shares of Bitwise’s spot XRP ETF, compared with just 20,605 shares the previous quarter. As one of the largest market makers in the industry, Jane Street noted that these filings only provide a quarter-end snapshot of long positions and do not include exposure to derivative products.
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