Jane Street's Q2 Filing Reveals Nearly $1 Billion Bet on These Bitcoin ETFs — and a Major Stake in Michael Saylor's MSTR

Quantitative trading giant Jane Street revealed nearly $1 billion in Bitcoin exchange-traded fund holdings in second quarter, according to its latest 13F filing released Friday.Jane Street Expands Bitcoin Stake and HowThe New York City-headquartered firm disclosed roughly $828.19 million invested in iShares Bitcoin Trust ETF ) as of June 30, with the remainder of $163.38 million spread across products including Grayscale Bitcoin Trust ETF ) and Fidelity Wise Origin Bitcoin Fund (BATS:FBTC).This stake is based on the respective ETFs’ closing market prices on June 30.Jane Street also boosted its Strategy Inc. (NASDAQ:MSTR) stake substantially, up from 209,833 shares in the first quarter to 2.67 million shares, valued at approximately $232.76 million, in the second quarter. Read Also: Michael Saylor Says Don't Invest in Bitcoin Unless You’ll Hold It for Over 4 Years— Strategy Chair Offers No 'Useful Wisdom' for Short-Term Traders Ethereum ETF StakeJane Street also revealed a sizeable stake in Ethereum (CRYPTO: ETH) ETFs, with over $90 million invested in the iShares Ethereum Trust ETF (NASDAQ:ETHA). The remainder of $22.03 million was spread across the Grayscale Ethereum Trust ETF (NYSE:ARCA) and Fidelity Ethereum Fund (BATH: FETH).PositionMarket Value (As of June 30)Bitcoin ETF$991.57 millionEthereum ETF $112.46 millionStrategy Inc $232.46These disclosures come after Harvard University left its Bitcoin exchange-traded fund position unchanged in the second quarter, while buying no new stake in the spot Ethereum ETFs.Price Action: At the time of writing, BTC was exchanging hands at $64,249.35, up 0.99% in the last 24 hours, according to data from Benzinga Pro.Shares of IBIT fell 0.36% in after-hours trading after closing 2.22% higher at $36.42 during Monday’s regular trading session.Benzinga’s Edge Stock Rankings indicate that the IBIT ETF is lagging in medium- and long-term price performance, with Momentum metrics pointing to weakness.https://www.benzinga.com/quote/IBIT Read Also: Bitcoin Could Become the 'S&P 500 Of The Future' Thanks to AI Development, Macro Veteran Jordi Visser Says Photo Courtesy: PJ McDonnell on Shutterstock.com