Jane Street’s Bitcoin ETF Exposure Hits $1B, Goes 5X Bigger On XRP In Q2

Jane Street had several positions, such as a $14.1 million stake in XRP Etfs with its largest stake in Bitwise XRP ETF.

• Jane Street doubled its Bitcoin ETF holdings in Q2 to about $1.01 billion from $438.4 million in Q1, a roughly $570 million increase.
• The trading firm’s exposure to the XRP ETF swelled more than fivefold to some $17 million from $3.3 million, marking a 420% rise quarter-over-quarter.
• Jane Street’s largest Bitcoin ETF position remained BlackRock’s IBIT at almost $800.5 million, while the company also held FBTC, ARKB, BITB and GBTC.

Jane Street more than doubled its exposure to Bitcoin (BTC) exchange-traded funds (ETFs) in the second quarter (Q2) and saw its holdings of XRP ETFs surge more than fivefold, according to its latest 13F filing.

As of June 30, the trading firm reported Bitcoin ETF holdings of approximately $1.01 billion, up from $438.4 million at the end of the first quarter. That’s an increase of about $570 million, or 130%. 

Jane Street’s exposure to XRP ETFs grew even faster, to about $17 million at the end of the second quarter, from about $3.3 million three months earlier. That is an increase of about $13.7 million, or 420%.

The firm’s Bitcoin ETF exposure includes BlackRock’s iShares Bitcoin Trust ETF (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), ARK 21Shares Bitcoin ETF (ARKB), Bitwise Bitcoin ETF (BITB) and Grayscale Bitcoin Trust ETF (GBTC).