Jane Street Reduces Bitcoin ETF Holdings, Allocates $82M to Ethereum ETFs

Jane Street's recent shift in its cryptocurrency portfolio has sent shockwaves through the market, with the investment firm significantly reducing its holdings in Bitcoin ETFs and reallocating funds to Ethereum-based ETFs.

According to reports, Jane Street cut its Bitcoin ETF holdings by approximately 70% in Q1 2026, a move that saw around $82 million diverted into Ethereum-based ETFs. This shift reflects growing institutional interest in Ethereum ETFs, which have been gaining traction among investors looking for exposure to the crypto market without directly holding cryptocurrencies.

The move is notable given that Bitcoin traded below $80K during the quarter, with some analysts suggesting that it may indicate a changing tide in investor sentiment towards Ethereum. However, Jane Street's strategies are complex and hedged, not purely directional bets, and should be viewed cautiously by retail investors.