Jane Street boosts Fidelity Bitcoin ETF holdings nearly 8x, trims IBIT
Summary
Trading firm Jane Street significantly increased its position in Fidelity's spot Bitcoin exchange-traded fund during the third quarter. At the same time, the company reduced its holdings in BlackRock's competing fund by nearly a fifth, though rising share prices pushed the remaining stake's total value higher.
Jane Street ended Q3 with 19% fewer shares in BlackRock’s Bitcoin ETF, and a higher share price lifted the stake’s value to $957 million.
Source: Read the full story at Cointelegraph.com News
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