Jane Street's Q2 Filing Reveals Nearly $1 Billion Bet on These Bitcoin ETFs — and a Major Stake in Michael Saylor's MSTR

Strategy MSTR	0.00	0.00%
Grayscale Bitcoin Trust ETF GBTC	0.00	0.00%
Fidelity Wise Origin Bitcoin Fund FBTC	0.00	0.00%
iShares Ethereum Trust ETF ETHA	0.00	0.00%
Fidelity Ethereum Fund ETF FETH	0.00	0.00%

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.

Read Also: Michael Saylor Says Don't Invest in Bitcoin Unless You’ll Hold It for Over 4 Years— Strategy Chair Offers No 'Useful Wisdom' for Short-Term Traders

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.

Read Also: Bitcoin Could Become the 'S&P 500 Of The Future' Thanks to AI Development, Macro Veteran Jordi Visser Says

Photo Courtesy: PJ McDonnell on Shutterstock.com

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.