Jane Street, a major market maker, tripled its Bitcoin ETF holdings from $291 million to $938 million in one quarter. Mark Moss says this isn't speculation but infrastructure building to move larger amounts of institutional money into Bitcoin products.
Jane Street, massive. At the end of the first quarter, they announced that $291 million in long spot Bitcoin ETF position. And by the end of the second quarter, they had grown that Bitcoin position up to $938 million, basically $1 billion, more than 3 times as much Bitcoin just in a single quarter. They were buying this whole time. Now, if you don't know who Jane Street is, they're one of the largest market makers in the entire world. They're not making a simple bet. They're building the machinery that allows much larger amounts of money to start moving through the Bitcoin product. This is institutional plumbing.
