Exclusive: Hedge fund Jane Street reduced its holdings in Grayscale GBTC by 83% in Q2 and increased its position in BlackRock IBIT by $220 million for the first time

ChainCatcher news indicates that the hedge fund Jane Street has increased its positions in spot Bitcoin ETFs in the second quarter, according to the 13-F filing submitted to the SEC. In the second quarter, it held 8 spot BTC ETFs with a total value of approximately $690 million, compared to about $634 million in BTC ETF assets held in Q1.

Among these, Jane Street reduced its holdings in Grayscale GBTC by 83%, with a reduction amounting to about $100 million, currently holding assets of approximately $16.56 million; it increased its holdings in Invesco BTCO by 142%, currently holding assets of approximately $12.54 million; and it increased its holdings in Franklin EZBC by 183%, currently holding assets of approximately $13.48 million. Additionally, Jane Street has increased its holdings in BlackRock IBIT for the first time, currently holding assets of approximately $220 million.

Details of Jane Street's adjustments in the 8 spot BTC ETFs compared to Q1 are shown in the chart below: