• Wall Street market maker Jane Street revealed a Bitcoin position in an ETF worth $990M in a recent presentation to the SEC
• Its largest reported holding was in IBIT, BlackRock’s spot Bitcoin ETF
• The timing drew attention, as Jane Street also faced a rare $15B trading loss in July
• However, the position could be tied to basis trading, hedging, or ETF market-making activity, and not necessarily a long-term BTC conviction
• The next filing in November could provide more clarity on whether the exposure changed 📊
$BTC $ENA $SOL
• Its largest reported holding was in IBIT, BlackRock’s spot Bitcoin ETF
• The timing drew attention, as Jane Street also faced a rare $15B trading loss in July
• However, the position could be tied to basis trading, hedging, or ETF market-making activity, and not necessarily a long-term BTC conviction
• The next filing in November could provide more clarity on whether the exposure changed 📊
$BTC $ENA $SOL