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Jane Street's Big Bitcoin ETF Bet Just Came Out

Jane Street's Big Bitcoin ETF Bet Just Came Out

Quant trading giant Jane Street just revealed it's holding over $1 billion in US spot Bitcoin ETFs, and most of it is parked in BlackRock's IBIT.

Jane Street, one of the biggest quant trading firms in the world, just showed its cards. New filings reveal the firm was sitting on more than $1 billion in US spot Bitcoin ETFs as of June 30.

Where the money is parked

About $828 million of that total is in BlackRock's IBIT alone, making it the clear favorite. The rest is spread across a few other Bitcoin ETFs, so Jane Street isn't putting everything in one basket.

This isn't some random retail bet either. Jane Street is a serious market maker, and firms like this usually only load up when they see real liquidity and long term opportunity.

Why this matters

It's another sign that spot Bitcoin ETFs are turning into a normal part of the playbook for big Wall Street players, not just a side product for crypto fans. More institutional money flowing in tends to bring more stability, and a lot more attention, to Bitcoin's price going forward.