JANE STREET SWAPS BITCOIN FOR ETHEREUMReported by Wu Blockchain, leading prop fund Jane Street has dramatically reduced its exposure to $BTC in Q1 2026.It cut its exposure to multiple spot Bitcoin ETFs as well as its position in Michael @Saylor's @Strategy.At the same time, however, the firm increase its positions in spot $ETH ETFs powered by Fidelity and @Blackrock.Is @Ethereum on the rise...? ...

BITCOIN AND ETHEREUM ETFS SEE MAJOR CAPITAL EXITSpot Bitcoin $BTC and Ethereum $ETH ETFs recorded sharp outflows on May 12.SoSoValue data showed Bitcoin ETFs posted $233 million in net outflows. Fidelity’s FBTC led Bitcoin fund withdrawals with $86.13 million exiting.Ethereum spot ETFs also saw $131 million in net outflows overall. BlackRock’s ETHA accounted for the largest Ethereum ETF withdrawals at $102 million. ...

$ETH ETF outflow of $103,600,000 yesterday.BlackRock sold $26,300,000 in Ethereum. https://t.co/n3ed1ZQVaz ...