## Jane Street Cuts Bitcoin ETF Stakes by Up to 71% in Q1 2026, Expands Ether Holdings
Jane Street, the New York-based market maker and trading firm, reduced its exposure to Bitcoin exchange-traded funds during the first quarter of 2026 while significantly expanding positions in Ether-linked products, according to a 13F filing released this week.

The firm cut its holdings in BlackRock's iShares Bitcoin Trust (IBIT) by approximately 71 percent from the previous quarter, leaving roughly 5.9 million shares valued at around $225 million. The position in Fidelity Wise Origin Bitcoin Fund (FBTC) fell by about 60 percent, dropping to approximately 2 million shares worth nearly $115 million. At the same time, Jane Street nearly doubled its stake in BlackRock's iShares Ethereum Trust (ETHA) and sharply increased its position in Fidelity Ethereum Fund (FETH), adding a combined $82 million across the two Ether funds over the quarter.

Jane Street's status as one of the largest market makers on Wall Street lends particular weight to the shift. The filing covers long positions only and does not capture any short exposure or unlisted instruments. The reallocation raises questions about how institutional players are repositioning across the crypto spectrum as the market matures. Whether the move reflects portfolio rebalancing, evolving risk assessments, or anticipated regulatory developments remains unclear from the filing data alone. The reallocation signals a notable tilt in one major player's crypto allocation strategy, though the full picture of institutional sentiment requires additional context from other large filers expected to disclose in the coming weeks.
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- **Source**: ZeroHedge
- **Sector**: The Vault
- **Tags**: crypto, ETF, institutional, Bitcoin, Ethereum
- **Credibility**: unverified
- **Published**: 2026-05-13 20:18:26
- **ID**: 82734
- **URL**: https://whisperx.ai/en/intel/82734