Jane Street increases Fidelity BTC ETF holdings to 509 million dollars

Jane Street increased its holdings of Fidelity’s spot Bitcoin ETF, FBTC, by eightfold in Q3, according to a U.S. SEC filing. FBTC position rose from 887000 shares at the end of Q2 to 7010000 shares at the end of Q3, valued at approximately 509 million dollars. In contrast, holdings of BlackRock’s spot Bitcoin ETF, IBIT, fell 19% to 20220000 shares from 24880000 shares, although the position’s value increased to 957 million dollars from 828 million dollars due to a rise in share price. Jane Street also acquired about 9000000 additional shares of the ARK 21Shares Bitcoin ETF, ARKB, and increased its holdings of BlackRock’s spot Ethereum ETF, ETHA, by 7830000 shares. Jane Street previously faced allegations of driving BTC prices lower through algorithmic selling at 10:00 a.m. U.S. time each day.

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