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U.S. trading firm Jane Street bets $990 million on spot bitcoin ETFs

Jane Street holds a bitcoin position worth about $990 million through spot bitcoin exchange-traded funds, equivalent to 15,394 BTC at current prices, Bitcoin Magazine reported. A filing submitted to the U.S. Securities and Exchange Commission showed the firm allocated the sum across major spot bitcoin ETFs, with $828 million concentrated in BlackRock\'s IBIT. The disclosure comes as Jane Street reported a monthly loss in July of about $15 billion.