Key Takeaways
- • Jane Street increased its Fidelity Wise Origin Bitcoin Fund stake to 7.01 million shares, valued at $509 million on Sept. 30, up from about 887,000 shares at the end of June.
- • Jane Street cut its iShares Bitcoin Trust ETF (IBIT) holdings to 20.22 million shares from 24.88 million, though the position's reported value rose to $957 million from $828 million on higher share prices.
- • JPMorgan Chase raised its IBIT holdings 9.6% to 11.41 million shares (about $540 million) while nearly eliminating its iShares Ethereum Trust ETF position, cutting it from 1.17 million shares to 399.
- • Laurore reduced its IBIT holdings by 33% to 3.25 million shares, worth about $154 million at the end of Q3.
Summary
Jane Street sharply expanded its position in Fidelity's Wise Origin Bitcoin Fund in the third quarter while trimming exposure to BlackRock's IBIT, according to third-quarter and second-quarter SEC filings reported by Cointelegraph. The firm ended September with 7.01 million Fidelity shares, up from roughly 887,000 at the end of June, valued at $509 million as of Sept. 30. Its IBIT holdings fell to 20.22 million shares from 24.88 million, but a higher share price lifted the reported value of that stake to $957 million from $828 million.
Jane Street also added nearly 9 million shares of the ARK 21Shares Bitcoin ETF, worth about $249 million, and more than doubled its iShares Ethereum Trust ETF holdings by 7.83 million shares, worth about $158 million. IBIT remains the largest spot Bitcoin ETF, with $56 billion in net assets as of the reporting date.
JPMorgan Chase increased its IBIT holdings by 9.6% in the third quarter, adding about 1 million shares to reach 11.41 million, a position valued at roughly $540 million. The bank nearly eliminated its direct iShares Ethereum Trust ETF holdings, cutting them from 1.17 million shares to 399. It also raised its stake in Bitcoin treasury company Strategy by 36% to nearly 849,000 shares, valued at about $131 million at quarter-end.
Laurore, which lists a Hong Kong business address in its SEC filing, reduced its IBIT holdings by 33%, cutting 1.6 million shares to 3.25 million. That position was worth about $154 million at the end of the third quarter, down from an IBIT stake worth $436 million at the end of 2025. Collectively, the filings show large institutions continuing to rebalance allocations across Bitcoin and Ethereum ETFs as asset values and investor flows shift.
Jane Street also added nearly 9 million shares of the ARK 21Shares Bitcoin ETF, worth about $249 million, and more than doubled its iShares Ethereum Trust ETF holdings by 7.83 million shares, worth about $158 million. IBIT remains the largest spot Bitcoin ETF, with $56 billion in net assets as of the reporting date.
JPMorgan Chase increased its IBIT holdings by 9.6% in the third quarter, adding about 1 million shares to reach 11.41 million, a position valued at roughly $540 million. The bank nearly eliminated its direct iShares Ethereum Trust ETF holdings, cutting them from 1.17 million shares to 399. It also raised its stake in Bitcoin treasury company Strategy by 36% to nearly 849,000 shares, valued at about $131 million at quarter-end.
Laurore, which lists a Hong Kong business address in its SEC filing, reduced its IBIT holdings by 33%, cutting 1.6 million shares to 3.25 million. That position was worth about $154 million at the end of the third quarter, down from an IBIT stake worth $436 million at the end of 2025. Collectively, the filings show large institutions continuing to rebalance allocations across Bitcoin and Ethereum ETFs as asset values and investor flows shift.
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