Jane Street’s share count in Fidelity’s spot Bitcoin exchange-traded fund (ETF) rose nearly eightfold in the third quarter, while its holdings in BlackRock’s fund fell 19%.
The trading giant ended September with 7.01 million shares of Fidelity Wise Origin Bitcoin Fund (FBTC0, up from about 887,000 at the end of June. The position was worth $509 million on Sept. 30, according to its second-quarter and third-quarter filings.
Jane Street’s holdings in BlackRock’s iShares Bitcoin Trust ETF (IBIT) fell to 20.22 million shares from 24.88 million. A higher share price lifted the reported value of its stake to $957 million from $828 million.
Jane Street was the largest reported institutional holder of BlackRock’s Bitcoin ETF at the end of June after boosting its share count by 324% in Q2, according to 13F Pro. IBIT is the world’s largest spot Bitcoin ETF with $56 billion in net assets as of Thursday.
The firm also added nearly 9…
