Jane Street Cuts Bitcoin ETF Exposure as Ether Funds Gain Ground

Market-maker at a clean desk with two monitors showing BTC ETF declines and ETH ETF gains.

Jane Street materially reduced its holdings in major Bitcoin exchange-traded funds and MicroStrategy during the first quarter of 2026, while increasing exposure to Ethereum-linked ETFs. The reallocation shifted roughly $300 million away from Bitcoin vehicles and into Ether products, marking a notable portfolio adjustment by one of the market’s most important liquidity providers.