CryptoUpdated 2h ago

Jane Street nearly 8x’d Fidelity’s Bitcoin ETF stake.

Cointelegraph’s account of Jane Street’s Q3 holdings points in two directions. Its holding in Fidelity’s Bitcoin ETF had grown nearly eightfold, while its share count in BlackRock’s ETF was down 19%. Yet that BlackRock stake was valued at $957 million. Cointelegraph reported that a higher share price lifted its value despite the smaller share count. Fewer shares, then, but a bigger dollar stake. The share count and market value tell different stories about the same position.

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