Jane Street lifts Fidelity Bitcoin ETF stake to $509.2 million

The firm’s November 12 filing with the U.S. Securities and Exchange Commission showed 7,010,008 shares of the Fidelity Wise Origin Bitcoin Fund (FBTC) on September 30, up from 886,736 at the end of June. The increase of 6,123,272 shares was about 691%; the position’s reported value climbed from $45.3 million to $509.2 million.

Jane Street’s BlackRock iShares Bitcoin Trust ETF (IBIT) holding moved in the opposite direction by share count. It reported 20,221,140 shares, down 4,657,051, or 18.7%, from 24,878,191 at June 30. The stake’s value nonetheless rose from $828.2 million to $957.3 million. The filing separately listed call options referencing 34.97 million IBIT shares and put options referencing 45.32 million.

The firm also expanded its ARK 21Shares Bitcoin ETF (ARKB) position, from 2,700,151 shares to 11,689,194. The September holding was valued at $323.7 million, compared with $52.5 million three months earlier. Based on reported positions in FBTC, IBIT and ARKB, Jane Street’s combined holdings increased in value from about $926 million to $1.79 billion.

Its BlackRock iShares Ethereum Trust ETF (ETHA) share count more than doubled, rising from 7,606,021 to 15,438,249; the September stake was worth about $310.6 million, versus $90.4 million at June 30. Other investors reported mixed changes: JPMorgan Chase raised its IBIT position by 9.6% to 11.41 million shares, worth about $540 million, while Hong Kong-based Laurore reduced its holding by 33% to 3,246,279 shares, worth about $153.7 million. BlackRock reported IBIT net assets of about $56.3 billion on November 12.