News · Institutions & ETFs
Regulatory filings show Jane Street lifted its FBTC holdings to $509 million in the third quarter while JPMorgan Chase cut its direct spot Ether ETF exposure.
Key point 1 of 3
01
Jane Street expanded its FBTC stake to 7.01 million shares worth $509 million while reducing its IBIT share count by 19% to 20.22 million shares in Q3 .
Key point 2 of 3
02
JPMorgan raised its IBIT position to 11.41 million shares worth $540 million and lifted its Strategy stake by 36% to $131 million .
Key point 3 of 3
03
JPMorgan virtually eliminated its direct ETHA position, cutting its stake from 1.17 million shares to 399 shares .
Context
Second-quarter institutional disclosures established Jane Street as the primary institutional owner of IBIT after an aggressive 324% share boost.
Why it matters
Market maker and bank capital flows directly alter liquidity distributions across competing ETF products.
What to watch
Subsequent quarterly 13F filing deadlines will reveal whether institutional desks maintain elevated market maker inventory across spot crypto funds heading into the new fiscal…
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