Jane Street Shifts Investment Focus from Bitcoin ETFs to Ether Funds
- Bitcoin ETF Reduction: In Q1 2026, Jane Street cut its holdings in BlackRock's iShares Bitcoin Trust by 71%, reducing its stake to 5.9 million shares valued at $225 million, a significant drop from over $1 billion last quarter, indicating a waning confidence in the Bitcoin market.
- Increased Ether Investment: Conversely, Jane Street nearly doubled its investment in BlackRock's ETHA and injected approximately $82 million into Ether ETFs during Q1 2026, underscoring a marked enthusiasm for this digital asset.
- Mining Investments Decreased: The firm also scaled back investments in various mining entities, reflecting an overall retreat from Bitcoin-related assets, particularly in the strategy fund linked to Michael Saylor, which plummeted 78% after a 473% rise in the previous quarter.
- Ongoing Legal Disputes: Jane Street is embroiled in legal proceedings stemming from the 2022 Terra collapse, facing insider trading allegations from Terraform Labs, and while the firm is vigorously seeking dismissal of the claims, the dispute remains active in court.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0356 | 0.0503 | 0.0606 | 0.0753 | 0.0855 | 0.1 | 0.11 |
| Fibonacci | 0.0503 | 0.0599 | 0.0658 | 0.0753 | 0.0848 | 0.0907 | 0.1 |
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