Morning Brief | Jane Street increases holdings of Ethereum ETF and Galaxy Digital in Q1; digital bank Fasset completes $51 million Series B financing; SATA will distribute cash dividends starting June 16
Compiled by: ChainCatcher
Key News:
- Jane Street significantly reduced Bitcoin ETF holdings in Q1, while increasing holdings of Ethereum ETF and Galaxy Digital
- Consensys postponed potential IPO plans to autumn due to unfavorable market environment
- “CLARITY Act” bipartisan negotiations failed to reach an agreement, Democrats remain divided on BRCA provisions
- Stablecoin-driven digital bank Fasset completes $51 million Series B financing with participation from SBI and others
- CME Group to launch Nasdaq Crypto Index Futures
- JPMorgan significantly increased Bitcoin ETF holdings in Q1, IBIT holdings surge by 174%
- Strive perpetual preferred stock SATA will distribute daily cash dividends starting June 16, setting a precedent in US stock market history
What important events happened in the past 24 hours?
ChainCatcher reports, according to CoinDesk, Bitcoin treasury company Strive announced that its perpetual preferred stock SATA will pay cash dividends every trading day starting June 16, becoming the first listed security in the history of the US capital markets to achieve daily distributions.
Strive CEO Matthew Cole called the move “innovation from zero to one.” The SATA annualized dividend yield is 13%; after switching to daily dividends, the effective annualized yield increases to about 13.88%. As of now, Strive has cleared all its debt and holds 15,009 Bitcoin, ranking ninth among global listed companies for Bitcoin reserves.
JPMorgan significantly increased Bitcoin ETF holdings in Q1, IBIT holdings surge by 174%
ChainCatcher reports, according to Cointelegraph, 13F filings show that JPMorgan significantly increased its Bitcoin ETF holdings in the first quarter, with its stake in BlackRock iShares Bitcoin Trust (IBIT) rising from about 3 million shares to 8.3 million shares, an increase of 174%.
In addition, JPMorgan also significantly increased its holdings in other spot Bitcoin ETFs such as Fidelity FBTC and Bitwise BITB, and made a small increase in its holdings of Strategy (MSTR).
For altcoin ETFs, JPMorgan’s actions were mixed: it bought Bitwise Solana Staking ETF (BSOL) for the first time, increased its holdings of Ethereum-related ETFs, and completely liquidated its holdings of XRP ETF.
CME Group to launch Nasdaq Crypto Index Futures
ChainCatcher reports, CME Group announced plans to launch Nasdaq CME Crypto Index Futures on June 8, pending regulatory review. The Nasdaq CME Crypto Index Futures will be the company’s first market cap-weighted futures contract and will provide both micro and large contract trading sizes.
These contracts will offer market participants a way to efficiently use capital by allowing investment in top market cap cryptocurrencies with a single cash-settled futures contract. Upon expiration, the Nasdaq CME Crypto Index Futures will settle at the value of the Nasdaq CME Crypto Settlement Price Index, which tracks the performance of the largest and most actively traded cryptocurrencies. As of May 14, this index includes Bitcoin, Ethereum, SOL, XRP, ADA, LINK, and lumens (XLM).
ChainCatcher reports, according to CoinDesk, Los Angeles-based stablecoin-driven digital bank Fasset announced the completion of a $51 million Series B financing round, with investors including Japan's SBI Group, Investcorp, and Turkish asset manager Arz Portföy. The valuation for this round was not disclosed.
Fasset uses stablecoin technology to cover more than 50 payment corridors in Asia, Africa, and the Middle East, serving over 1,000 SMEs in 125 countries, with annualized transaction volume exceeding $3.2 billion. The company plans to use the funds to expand into new markets, develop loan and trade finance products, and expand its proprietary stablecoin payment and custody infrastructure “Own Network.” Additionally, Fasset recently partnered with USDT issuer Tether to launch a gold-pegged digital bank card.
Fintech company Stitch completes $25 million Series A funding round, led by a16z
ChainCatcher reports, according to official disclosure, fintech company Stitch has completed a $25 million Series A funding round led by a16z, with participation from Arbor Ventures, COTU Ventures, RAED Ventures, SVC and others.
ChainCatcher reports, according to the latest 13F filings, Wall Street quantitative trading giant Jane Street significantly reduced its holdings of several Bitcoin-related assets in Q1 2026, while increasing its holdings of Ethereum ETFs and some crypto stocks. Among them, Jane Street’s position in BlackRock IBIT shares dropped by about 71% quarter-on-quarter to 5.9 million shares, worth about $225 million; its holdings in Fidelity FBTC fell by about 60% to around 2 million shares, worth about $115 million. In addition, its holdings of Strategy dropped from about 968,000 shares in Q4 2025 to about 210,000 shares, with a change in value from about $146 million to about $27 million. Jane Street also reduced holdings of Bitcoin mining companies such as IREN, Cipher Mining, TeraWulf, and Core Scientific.
On the other hand, Jane Street significantly increased its holdings of Ethereum ETFs, with a combined additional position of about $82 million in BlackRock ETHA and Fidelity ETH funds. Holdings of Riot Platforms, an exchange, and Galaxy Digital also increased, with Galaxy Digital shares rising sharply from about 17,000 shares to about 1.5 million shares.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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