Jane Street, which stated in 2023 that it withdrew from digital asset trading in the US due to regulatory uncertainty in the US, disclosed its Bitcoin and Ethereum holdings.
Accordingly, Jane Street announced that it will reduce its Bitcoin (BTC) ETF holdings while increasing its Ethereum ($ETH) ETF holdings in the first quarter of 2026.
Accordingly, cryptocurrency market maker Jane Street significantly reduced its holdings in Bitcoin ETFs during the first quarter, while increasing its positions in Ethereum ETFs.
The company significantly reduced its Bitcoin ETF holdings, including IBIT and FBTC, in the first quarter of 2026, while increasing its Ethereum ETF positions by $82 million.
BlackRock’s holdings in IBIT decreased by approximately 71% from the previous quarter to 5.9 million shares, representing a drop of approximately $225 million. Fidelity’s stake in the FBTC ETF also fell by approximately 60% to two million shares, worth about $115 million.
Jane Street also reduced its holdings in MicroStrategy (MSTR) shares by approximately 78%, decreasing its exposure to major mining stocks such as IREN.
In response, the company focused on Ethereum. BlackRock increased its positions in ETHA and Fidelity’s FETH ETFs by a total of $82 million.
It also indicated a selective portfolio allocation by expanding its holdings in other cryptocurrency-related stocks, including Riot Platforms (RIOT), Coinbase (COIN), and Galaxy Digital (GLXY).
*This is not investment advice.