Jane Street added approximately $630 million to its spot Bitcoin ETF holdings in Q2, bringing its total position to about $1.06 billion and reversing a 71% reduction it made in the first quarter. Of the current holdings, $828 million is in BlackRock's iShares Bitcoin Trust, with the remainder in Fidelity and Grayscale products, and the firm also disclosed a 60-fold increase in its Bitwise XRP ETF stake. Analysts caution that Jane Street's role as an authorized participant means the position may reflect market-making activity rather than a directional bet on Bitcoin's price.
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