"" Jane Street's $990M Bitcoin ETF Position
Jane Street, a top Wall Street firm, has revealed a nearly $1 billion Bitcoin position via spot exchange-traded funds (ETFs). The firm holds $990 million in Bitcoin ETFs, spread across major ETFs like BlackRock's iShares Bitcoin Trust, Fidelity's Wise Origin Bitcoin Fund, and Grayscale's Bitcoin Trust.
The lion's share of Jane Street's holdings are in BlackRock's fund, with $828 million solely invested in the fund, according to a regulatory filing with the Securities and Exchange Commission.
Background on Spot Bitcoin ETFs
BlackRock's fund is the biggest and most popular of the spot Bitcoin ETFs, which were approved and started trading at the beginning of 2024. The fund has received more cash than any other crypto ETF and currently has $47.3 billion in assets under management.
Jane Street's Performance
Jane Street on Monday posted its first losing month in about a decade, revealing roughly $15 billion in July losses. The loss was driven mainly by its stake in AI-focused hedge fund Situational Awareness, which stumbled badly amid AI bet losses and margin calls, and by bad bets in Asian equity markets.
Despite the loss, Jane Street has made over $40 billion in net trading revenue year-to-date, according to Bloomberg. That's already more than all of 2025, when it set a Wall Street record with $39.6 billion, beating Goldman Sachs and JPMorgan.
Related Developments
Wall Street titans Edelman Financial and Tudor Investment Corporation last week also revealed significant Bitcoin positions, along with Abu Dhabi's sovereign wealth funds.