Quantitative trading giant Jane Street revealed nearly $1 billion in Bitcoin (CRYPTO: BTC) exchange-traded fund holdings in second quarter, according to its latest 13F filing released Friday.
Jane Street Expands Bitcoin Stake and How
The New York City-headquartered firm disclosed roughly $828.19 million invested in iShares Bitcoin Trust ETF (NASDAQ: IBIT) as of June 30, with the remainder of $163.38 million spread across products including Grayscale Bitcoin Trust ETF (NYSE:GBTC) and Fidelity Wise Origin Bitcoin Fund (BATS:FBTC).
This stake is based on the respective ETFs’ closing market prices on June 30.
Jane Street also boosted its Strategy Inc. (NASDAQ:MSTR) stake substantially, up from 209,833 shares in the first quarter to 2.67 million shares, valued at approximately $232.76 million, in the second quarter.
Ethereum ETF Stake
Jane Street also revealed a sizeable stake in Ethereum (CRYPTO: ETH) ETFs, with over $90 million invested in the iShares Ethereum Trust ETF (NASDAQ:ETHA). The remainder of $22.03 million was spread across the Grayscale Ethereum Trust ETF (NYSE:ARCA) and Fidelity Ethereum Fund (BATH: FETH).
| Position | Market Value (As of June 30) |
|---|---|
| Bitcoin ETF | $991.57 million |
| Ethereum ETF | $112.46 million |
| Strategy Inc | $232.46 |
These disclosures come after Harvard University left its Bitcoin exchange-traded fund position unchanged in the second quarter, while buying no new stake in the spot Ethereum ETFs.
Price Action: At the time of writing, BTC was exchanging hands at $64,249.35, up 0.99% in the last 24 hours, according to data from Benzinga Pro.
Shares of IBIT fell 0.36% in after-hours trading after closing 2.22% higher at $36.42 during Monday’s regular trading session.
Benzinga’s Edge Stock Rankings indicate that the IBIT ETF is lagging in medium- and long-term price performance, with Momentum metrics pointing to weakness.
Photo Courtesy: PJ McDonnell on Shutterstock.com
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