Jane Street Markets, the Wall Street based exchange traded fund (ETF) provider, reduced their exposure to Bitcoin funds in the 1st quarter of 2026. They increased their positions in Ether funds.
Jane Street sold major Bitcoin ETFs, such as BlackRock’s iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Funds (FBTC) in the first quarter of 2026. according A 13F document published on Tuesday.
IBITs have fallen by 71% since Q4 2025 FBTC shares dropped by 60% on average to 2 million worth approximately $115,000,000.
Jane Street also increased its exposure in Ether ETFs. It nearly doubled its holdings in BlackRock’s iShares Ethereum Trust, (ETHA), and dramatically raised its stakes in Fidelity Ethereum Fund, (FETH), adding $82M in total across both products.
Early signs suggest that institutional Ether ETF purchases will begin in 2026. including increased exposure reported at Wells Fargo. This filing indicates a change in the reportable holdings of Jane Street at quarter end, although 13F disclosures don’t show Jane Street’s entire trading book or its net exposure.
Strategy’s stake in Bitcoin falls further, reducing its exposure to the currency.
Jane Street’s Bitcoin exposure further weakened in Q1 of 2026, as the firm reduced its stakes in Michael Saylor’s Strategy (MSTR), alongside significant ETF reductions.
In Q4 of 2025, MSTR held approximately 968 000 shares valued at $145.9 millions. By Q1 2026, the common stock stake fell to about 210,000 shares valued at roughly $27 million, a decline of about 78% quarter-over-quarter.
Jane Street’s Strategy Position (MSTR), which is a part of its MSTR, increased by 473% during Q4 2025. Source: TheBTCTherapist
Jane Street reported that it increased MSTR’s position in Q4 by 473%, following a significant increase in MSTR purchases in the prior quarter.
The company reduced its exposure to several Bitcoin-mining stocks in Q1 2026. These include IREN, Cipher Mining TeraWulf, and Core Scientific.
Exposure to Coinbase Galaxy Riot
Jane Street has increased its exposure over the past quarter to a number of crypto-linked shares, which suggests that the firm is more selective in their positioning than it would be if they were looking for broader exits from the sector.
Jane Street has increased its investment in Riot Platforms Crypto Mining Company (RIOT) from 5 to 7,4 millions shares. This represents an increase of $91 from $63million.
The company also increased the number of shares it holds in Coinbase, increasing its holdings to 888,000 from 78,000. Its value has also increased to $155 millions from $176million in the previous quarter.
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Galaxy Digital (GLXY), a digital company, has seen the largest increase in shares, which has risen from only 17,000 shares to around 1.5 million. This has increased its market value from about $380,000 to approximately $28,000,000.
Jane Street has posted an all-time high of $16.1 Billion in trading revenues for the first quarter. according As reported by Reuters: Volatile markets and artificial intelligence investments have boosted financial results.
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Source: cointelegraph.com
