Jane Street Slashes Bitcoin ETF Holdings, Adds Ether Funds In Q1 2026 Authored by Helen Partz via CoinTelegraph.com, Wall Street market maker Jane Street reduced its exposure to Bitcoin exchange-traded funds (ETFs) in the first quarter of 2026 while increasing positions in Ether funds. Jane Street cut major Bitcoin ETF holdings in Q1 2026, including BlackRock’s iShares Bitcoin Trust (IBIT) and Fid...
Jane Street Slashes Bitcoin ETF Holdings, Adds Ether Funds In Q1 2026 Authored by Helen Partz via CoinTelegraph.com, Wall Street market maker Jane Street reduced its exposure to Bitcoin exchange-traded funds (ETFs) in the first quarter of 2026 while increasing positions in Ether funds. Jane Street cut major Bitcoin ETF holdings in Q1 2026, including BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC), according to a 13F filing published Tuesday. IBIT holdings fell about 71% from Q4 2025 to roughly 5.9 million shares valued at about $225 million, while FBTC dropped about 60% to around 2 million shares worth roughly $115 million. At the same time, Jane Street increased its exposure to Ether (ETH) ETFs, nearly doubling its position in BlackRock’s iShares Ethereum Trust (ETHA) and sharply raising its stake in Fidelity Ethereum Fund (FETH), adding about $82 million combined across the two products over the quarter. The move comes amid early signs of institutional Ether ETF buying in early 2026, including increased exposure reported at Wells Fargo . The filing points to a reshuffling of Jane Street’s reportable crypto-linked holdings at quarter-end, though 13F disclosures do not show the market maker’s full trading book or net exposure. Bitcoin exposure weakens further as Strategy stake falls Jane Street’s Bitcoin-linked exposure weakened further in Q1 2026 as it reduced its stake in Michael Saylor’s Strategy (MSTR) alongside major ETF cuts. In Q4 2025, the firm held about 968,000 MSTR shares worth roughly $145.9 million. By Q1 2026, the common stock stake fell to about 210,000 shares valued at roughly $27 million, a decline of about 78% quarter-over-quarter. Jane Street increased its Strategy (MSTR) position by 473% in Q4 2025. Source: TheBTCTherapist Strategy selling followed significant buying in the previous quarter as Jane Street reportedly increased MSTR position by 473% in Q4 2025. In Q1 2026, the company also trimmed exposure acro...
Robert Way/iStock Editorial via Getty Images Qualcomm Incorporated ( QCOM ) shares fell close to 12% on Tuesday as the market digested Trump’s commentary on the ceasefire being “on life support” from a day prior and a hot CPI report . Tuesday brought a much-needed mini tech reset after the Philadelphia Semiconductor Index ( SOX ) surged +66% YTD and the S&P 500 ( SP500 ) by about 8%. This is likel...
Robert Way/iStock Editorial via Getty Images Qualcomm Incorporated ( QCOM ) shares fell close to 12% on Tuesday as the market digested Trump’s commentary on the ceasefire being “on life support” from a day prior and a hot CPI report . Tuesday brought a much-needed mini tech reset after the Philadelphia Semiconductor Index ( SOX ) surged +66% YTD and the S&P 500 ( SP500 ) by about 8%. This is likely a hiccup compared to the needed reset in the tech sphere. That said, we expect some will come out of the now-hotly-anticipated correction better than others, and QCOM makes the cut as a winner. Yahoo Finance The company reported its Q2 FY26 results in late April; the results initially dragged the stock down as much as 9% before sentiment reversed on a one-liner in the earnings presentation that read: QCOM 2QFY26 presentation Outside of this one-liner, the report was bad all over. March quarter revenue fell almost 14% sequentially to $10.60B, in line with Street estimates for $10.58. Handset revenue for the quarter (which accounts for 57% of total revenue) dropped 23% Q/Q to $6.02B, while IoT sales grew slightly by 2% Q/Q to $1.73B (about 16% of total revenue), and Auto sales grew 20% Q/Q to $1.33B, or about 12% of total revenue. The two main segments, QCT (under which the aforementioned markets fall) and QTL, reported $9.08B and $1.38B, down 15% and up 5% Q/Q, respectively. Outlook was the real pain point, with management guiding for sales to drop another 6-13% sequentially to the range of $9.2B-$10B, painfully trailing analyst estimates for $10.18B. Investment Thesis The worse-than-expected results , coupled with green flags outside the handset arena, are what lead us to upgrade the stock back to a Buy. The last time we wrote on the stock was way back in late 2024, when the rumor was a potential QCOM takeover of Intel ( INTC ). The world has changed a lot since. The stock, however, has performed relatively in line with the S&P 500 since the Hold call. We now expect QCOM ...
Robert Way/iStock Editorial via Getty Images Qualcomm Incorporated ( QCOM ) shares fell close to 12% on Tuesday as the market digested Trump’s commentary on the ceasefire being “on life support” from a day prior and a hot CPI report . Tuesday brought a much-needed mini tech reset after the Philadelphia Semiconductor Index ( SOX ) surged +66% YTD and the S&P 500 ( SP500 ) by about 8%. This is likel...
Robert Way/iStock Editorial via Getty Images Qualcomm Incorporated ( QCOM ) shares fell close to 12% on Tuesday as the market digested Trump’s commentary on the ceasefire being “on life support” from a day prior and a hot CPI report . Tuesday brought a much-needed mini tech reset after the Philadelphia Semiconductor Index ( SOX ) surged +66% YTD and the S&P 500 ( SP500 ) by about 8%. This is likely a hiccup compared to the needed reset in the tech sphere. That said, we expect some will come out of the now-hotly-anticipated correction better than others, and QCOM makes the cut as a winner. Yahoo Finance The company reported its Q2 FY26 results in late April; the results initially dragged the stock down as much as 9% before sentiment reversed on a one-liner in the earnings presentation that read: QCOM 2QFY26 presentation Outside of this one-liner, the report was bad all over. March quarter revenue fell almost 14% sequentially to $10.60B, in line with Street estimates for $10.58. Handset revenue for the quarter (which accounts for 57% of total revenue) dropped 23% Q/Q to $6.02B, while IoT sales grew slightly by 2% Q/Q to $1.73B (about 16% of total revenue), and Auto sales grew 20% Q/Q to $1.33B, or about 12% of total revenue. The two main segments, QCT (under which the aforementioned markets fall) and QTL, reported $9.08B and $1.38B, down 15% and up 5% Q/Q, respectively. Outlook was the real pain point, with management guiding for sales to drop another 6-13% sequentially to the range of $9.2B-$10B, painfully trailing analyst estimates for $10.18B. Investment Thesis The worse-than-expected results , coupled with green flags outside the handset arena, are what lead us to upgrade the stock back to a Buy. The last time we wrote on the stock was way back in late 2024, when the rumor was a potential QCOM takeover of Intel ( INTC ). The world has changed a lot since. The stock, however, has performed relatively in line with the S&P 500 since the Hold call. We now expect QCOM ...
The Good Brigade/DigitalVision via Getty Images Reinitiating Coverage On PACS Group I had initiated coverage on PACS Group, Inc. ( PACS ) on August 21, 2024, with a “Buy” rating and a three-to-five-year investment horizon. I opined that PACS stock is worth accumulating on corrections and can outperform the healthcare sector returns during the time horizon. Little did I expect that PACS stock would...
The Good Brigade/DigitalVision via Getty Images Reinitiating Coverage On PACS Group I had initiated coverage on PACS Group, Inc. ( PACS ) on August 21, 2024, with a “Buy” rating and a three-to-five-year investment horizon. I opined that PACS stock is worth accumulating on corrections and can outperform the healthcare sector returns during the time horizon. Little did I expect that PACS stock would slump from $40.03 at the time of initiation to all-time lows of $7.50 in September 2025. The catalyst for the massive sell-off was a short report by Hindenburg Research. Another piece of negative news came in September 2025 when the company’s Chief Financial Officer Derick Apt resigned after being found guilty of “accepting expensive items from people linked to the company's business partners.” This news, however, coincided with the bottoming out of PACS stock, and with consistent financial performance, the upside from deeply oversold levels has been significant. To put things into perspective, PACS stock has surged by 257% in the last six months. Therefore, if we go by the language of the markets, the worst is over for PACS Group. This reinitiating coverage will focus on the fundamental factors that reaffirm my “Buy” rating for PACS stock. Since PACS Group has limited coverage, let me briefly talk about the company’s business. PACS Group is a post-acute healthcare company with a focus on skilled nursing care. As of Q1 FY26, the company operated 323 post-acute care facilities across 17 states. The company claims to be one of the largest skilled nursing facility operators in the United States. Strong Credit Healthy Likely To Support Aggressive Growth An important point to note in the bull thesis is the fact that PACS Group has pursued aggressive organic and acquisition-driven growth. To put things into perspective, the facilities operated by PACS have swelled from 2 in 2013 to 323 as of Q1 FY26. A key reason for maintaining a “Buy” rating is the growth trajectory. However, ...
Andrew Harnik/Getty Images News Kevin Warsh has been confirmed by the Senate to be the next chair of the Federal Reserve. The vote was 54-45. The vote is the closest for a Fed chair since the Senate confirmation requirement began in 1977. All Republicans voted in favor. All Democrats voted against, except for Sen. John Fetterman (Penn.). Warsh will take the reins of the Fed after current Chair Jer...
Andrew Harnik/Getty Images News Kevin Warsh has been confirmed by the Senate to be the next chair of the Federal Reserve. The vote was 54-45. The vote is the closest for a Fed chair since the Senate confirmation requirement began in 1977. All Republicans voted in favor. All Democrats voted against, except for Sen. John Fetterman (Penn.). Warsh will take the reins of the Fed after current Chair Jerome Powell's term ends on May 15. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on Rates Upside Chasing In Tech Stocks Surges To Covid Extremes U.S. Bonds Hit 5%: Mayday SPX Realized Skew Inverts As Traders Focus On Right Tail Fed funds futures turn more hawkish after hot CPI report Will Trump tariff setback widen the U.S. fiscal deficit?
Technology investing often forces a choice between broad sector stability and niche growth themes. While Fidelity MSCI Information Technology Index ETF (NYSEMKT:FTEC) tracks a wide-ranging index of nearly 300 companies for a low fee, Roundhill Investments - Generative AI & Technology ETF (NYSEMKT:CHAT) focuses exclusively on the generative artificial intelligence (AI) boom. This comparison looks a...
Technology investing often forces a choice between broad sector stability and niche growth themes. While Fidelity MSCI Information Technology Index ETF (NYSEMKT:FTEC) tracks a wide-ranging index of nearly 300 companies for a low fee, Roundhill Investments - Generative AI & Technology ETF (NYSEMKT:CHAT) focuses exclusively on the generative artificial intelligence (AI) boom. This comparison looks at how these differing strategies impact total costs, risk, and portfolio concentration. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
Alphabet Inc.’s Google said this week that hackers used artificial intelligence to help build a cybercrime tool, marking an unusually authoritative look at the abuse of AI models. The company’s disclosure was remarkable because it revealed that an unnamed cybercrime group had used an AI model to construct a so-called zero-day exploit. That’s a particularly dangerous hacking weapon only known to th...
Alphabet Inc.’s Google said this week that hackers used artificial intelligence to help build a cybercrime tool, marking an unusually authoritative look at the abuse of AI models. The company’s disclosure was remarkable because it revealed that an unnamed cybercrime group had used an AI model to construct a so-called zero-day exploit. That’s a particularly dangerous hacking weapon only known to the attackers — thus giving cyber personnel zero days to fix it. But Google’s threat intelligence team also described other examples that prove how AI is already helping attackers up their game. Suspected government-backed groups from China, Russia and North Korea, for instance, were using AI, and sometimes testing Google’s own Gemini, for a range of purposes. Some used the tech to improve their malware’s ability to evade detection by security software. AI also helped them launch complicated multistage attacks and develop malware that could go deeper into infected devices and networks all on its own. Anthropic PBC’s announcement of Mythos, a model designed to autonomously find software flaws, is likely to accelerate these concerns by making such powerful cyber capabilities more widely accessible. The trend is manifesting outside Google’s investigations, too. In an interview, Chris George, managing director in the Europe and Middle East region for Palo Alto Networks’ Unit 42 incident response division, described a recent case in which attackers broke into an organization’s network, found a document they wanted and then turned to the AI software that firm was using to get it. In that case, hackers performed manual reconnaissance on internal systems and identified a protected document that they wanted but weren’t authorized to access, George said. So they instructed Microsoft’s Copilot — which they knew had higher privileges than their compromised accounts — to try and retrieve the document, he said. George provided Bloomberg with the attackers’ successful prompt to Copilot. It ...
Jensen Huang boarded Air Force One during a refueling stop in Anchorage on Tuesday, joining President Donald Trump’s Beijing summit at the last minute, just as short seller Culper Research published a 40-page report alleging that Nvidia Corp. (NASDAQ:NVDA) never really left China. NVDA topped a $5.5 trillion market cap on Wednesday, the first company in history to hit the level. Earnings land May ...
Jensen Huang boarded Air Force One during a refueling stop in Anchorage on Tuesday, joining President Donald Trump’s Beijing summit at the last minute, just as short seller Culper Research published a 40-page report alleging that Nvidia Corp. (NASDAQ:NVDA) never really left China. NVDA topped a $5.5 trillion market cap on Wednesday, the first company in history to hit the level. Earnings land May 20. The Culper Allegations Culper, which disclosed it is short the stock, alleges that more than 20%
Earnings Call Insights: Hyliion Holdings (HYLN) Q1 2026 Management View "On our last call, we had said 2026 would be the year we shifted from development to deployment of the KARNO Power Module. The first quarter delivered tangible progress against that plan," said CEO Thomas Healy (Founder, President, CEO & Director), citing "UL Certification non-recurring test" completion, a "new data center par...
Earnings Call Insights: Hyliion Holdings (HYLN) Q1 2026 Management View "On our last call, we had said 2026 would be the year we shifted from development to deployment of the KARNO Power Module. The first quarter delivered tangible progress against that plan," said CEO Thomas Healy (Founder, President, CEO & Director), citing "UL Certification non-recurring test" completion, a "new data center partnership with VFG Holdings," and a "significant increase in revenue growth, recording $2.8 million this quarter, a fourfold increase from the prior quarter." "We successfully passed the UL Certification nonrecurring tests for the KARNO Power Module," said CEO Healy, adding that this "enables us to begin delivering early adopter units to customer sites" and that Hyliion expects to move "to facility-level certification, after which we will no longer need to certify each unit independently" as it works toward the "full 200-kilowatt design power rating." "Hyliion and VFG holdings have executed a nonbinding letter of intent, to deploy up to 250 KARNO cores or approximately 50-megawatts of power over the next 5 years," CEO Healy said, noting the LOI is "subject to the execution of a definitive purchase agreement" and is positioned around "direct 800-volt DC integration" and "true fuel-agnostic operation." "We continue to expect to sign $40 million to $50 million of additional military contracts this year on top of the approximately $20 million in ONR contracts we are currently executing," CEO Healy said, describing expanding discussions "not only with the Navy and Air Force, but with additional branches of the U.S. military as well." "In the first quarter, we recorded revenue of $2.8 million from Research and Development Services," said CFO Jon Panzer (Chief Financial Officer), adding, "Operating expenses for the first quarter were $13.4 million" and "we finished the first quarter with $139.3 million of cash and short and long-term investments on our balance sheet." Outlook "We r...
What NVIDIA’s recent performance means for investors NVIDIA (NVDA) has been in focus after a period of strong share price performance, with the stock showing gains over the past week, month and past 3 months, alongside solid reported revenue and net income figures. See our latest analysis for NVIDIA. Those recent gains fit into a longer run of strength, with a 30 day share price return of 17.04% a...
What NVIDIA’s recent performance means for investors NVIDIA (NVDA) has been in focus after a period of strong share price performance, with the stock showing gains over the past week, month and past 3 months, alongside solid reported revenue and net income figures. See our latest analysis for NVIDIA. Those recent gains fit into a longer run of strength, with a 30 day share price return of 17.04% and a 1 year total shareholder return of 69.96%. The 3 and 5 year total shareholder returns are...
Key PointsThanks to artificial intelligence, the cybersecurity industry must adapt more quickly than it ever has before. Older legacy names in the business aren’t necessarily doing it as well as newcomers are.
Key PointsThanks to artificial intelligence, the cybersecurity industry must adapt more quickly than it ever has before. Older legacy names in the business aren’t necessarily doing it as well as newcomers are.
Hello and welcome to Regulator , the newsletter for Verge subscribers that goes into tech shenanigans that take place in the backrooms of Washington. Really, it sometimes does feel like the online series The Backrooms : a parallel universe with no internal logic, evil corporations lurking in the background, and mind-rending eldritch horrors around every corner. (Not a subscriber yet? Sign up here ...
Hello and welcome to Regulator , the newsletter for Verge subscribers that goes into tech shenanigans that take place in the backrooms of Washington. Really, it sometimes does feel like the online series The Backrooms : a parallel universe with no internal logic, evil corporations lurking in the background, and mind-rending eldritch horrors around every corner. (Not a subscriber yet? Sign up here today . Have any tips about mind-rending eldritch horrors lurking in DC? Send that intel to me at tina.nguyen+tips@theverge.com .) Speaking of liminal spaces and endless hallways that drive their inhabitants insane: Today, we're going to Capitol Hill … Read the full story at The Verge.