According to BlockBeats, hedge fund Jane Street has made significant adjustments to its cryptocurrency holdings in the second quarter of 2024, as revealed in its 13-F filing with the SEC on August 16. The firm has notably increased its position in IBIT while significantly reducing its holdings in GBTC.

Jane Street's Q2 activity includes the initial purchase of 6,474,742 shares of IBIT, valued at $221 million. Additionally, the firm increased its holdings in FBTC by 46%, acquiring 1,472,906 shares, bringing the total value to $233 million, a 26% increase. The hedge fund also boosted its position in BTCO by 142%, purchasing 123,033 shares, now valued at $12.53 million, reflecting a 103% rise. Furthermore, Jane Street increased its holdings in EZBC by 187%, acquiring 252,360 shares, with the total value reaching $13.48 million, a 148% increase.

Conversely, Jane Street significantly reduced its position in GBTC by 83%, selling 1,546,660 shares, leaving the remaining holdings valued at $16.55 million, an 86% decrease. The firm also reduced its holdings in BITB by 68%, selling 940,927 shares, with the remaining value at $14.66 million, a 73% decrease. Additionally, Jane Street decreased its position in ARKB by 12%, selling 423,617 shares, with the remaining holdings valued at $177 million, a 26% decrease. Lastly, the firm reduced its holdings in HODL by 52%, selling 34,657 shares, leaving the remaining value at $22.04 million, a 59% decrease.