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Jane Street shifts $82M from Bitcoin to Ethereum ETFs, cutting BTC ETF holdings by 70% in Q1 2026.

Market News
23 May 2026
Crypto Briefing
View Source
Neutral
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In Q1 2026, Jane Street significantly reduced its Bitcoin ETF holdings by about 70%, reallocating approximately $82 million into Ethereum-based ETFs. This shift reflects a notable institutional rotation from Bitcoin to Ethereum, despite Bitcoin trading below $80K during the quarter. Jane Street also adjusted other crypto-related positions, increasing stakes in Ethereum funds and certain crypto companies while reducing MicroStrategy holdings. The move signals growing institutional interest in Ethereum ETFs but should be viewed cautiously by retail investors, as Jane Street's strategies are complex and hedged, not purely directional bets.

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