Jane Street Reduces Bitcoin ETF Holdings Significantly in Q1, While Increasing Ethereum ETF and Galaxy Digital Positions

Odaily Planet Daily News According to the latest 13F filings, Wall Street quantitative trading giant Jane Street significantly reduced its holdings of multiple Bitcoin-related assets in the first quarter of 2026, while increasing its positions in Ethereum ETFs and certain crypto stocks.

Among them, Jane Street's holdings in BlackRock's IBIT decreased by approximately 71% quarter-over-quarter to 5.9 million shares, valued at around $225 million; while its Fidelity FBTC holdings decreased by about 60% to roughly 2 million shares, valued at approximately $115 million.

Additionally, its Strategy holdings also dropped from approximately 968,000 shares in the fourth quarter of 2025 to about 210,000 shares, with the position value falling from around $146 million to approximately $27 million. It also reduced its stakes in Bitcoin mining companies such as IREN, Cipher Mining, TeraWulf, and Core Scientific.

On the other hand, Jane Street significantly increased its holdings in Ethereum ETFs, with combined new positions in BlackRock's ETHA and Fidelity's ETH funds totaling approximately $82 million. Meanwhile, its positions in Riot Platforms, Coinbase, and Galaxy Digital all increased, with the Galaxy Digital holding rising substantially from about 17,000 shares to around 1.5 million shares.