Jane Street cut BTC ETF holdings in Q1 while adding ETH ETFs

Market maker Jane Street significantly reduced its holdings in Bitcoin ETFs during the first quarter while increasing its positions in Ethereum ETFs, according to a 13F filing reported by Cointelegraph. The firm's holdings in BlackRock's IBIT fell by approximately 71% from the previous quarter to 5.9 million shares, valued at around $225 million, while its stake in Fidelity's FBTC dropped by about 60% to two million shares, worth roughly $115 million. Jane Street also cut its holdings in MicroStrategy (MSTR) stock by about 78% and reduced its exposure to major mining stocks such as IREN. In contrast, the company increased its positions in BlackRock's ETHA and Fidelity's FETH by a combined $82 million. It also expanded its holdings in other crypto-related stocks, including Riot Platforms (RIOT), Coinbase (COIN), and Galaxy Digital (GLXY), signaling a selective portfolio reallocation.