Jane Street Nearly Octuples Fidelity Bitcoin ETF Shares in Third Quarter

Jane Street nearly octupled its Fidelity Bitcoin ETF shares in the third quarter, while its BlackRock Bitcoin ETF share count fell 19% even as the position’s value rose.

The firm held 7.01 million shares of Fidelity’s Bitcoin (BTC) ETF (FBTC) as of Sept. 30, up from about 887,000 at the end of June. The holding was valued at $509 million.

Jane Street’s BlackRock iShares Bitcoin Trust ETF (IBIT) shares declined to 20.22 million from 24.88 million. The position’s value rose to $957 million from $828 million as the fund’s share price increased. The filing also showed an increase in Jane Street’s Nvidia stake.

Jane Street also added about nine million shares of the ARK 21Shares Bitcoin ETF (ARKB), worth about $249 million. Its holdings in BlackRock’s Ether (ETH) ETF (ETHA) increased by 7.83 million shares, more than doubling, and were valued at about $158 million.

JPMorgan increased its IBIT holdings by about one million shares to 11.41 million, a 9.6% gain, with a value of about $540 million. Its ETHA holdings fell from 1.17 million shares at June’s end to 399 shares. The firm also raised its Strategy holdings by 36% to about 849,000 shares, valued at $131 million.

Laurore, whose registered address is in Hong Kong, cut its IBIT holdings by 33% to 3.25 million shares, valued at about $154 million. The reported holdings are snapshots as of Sept. 30.