tldr; Bitcoin’s recent rally has sparked debate about the role of Wall Street market makers, particularly Jane Street, in spot Bitcoin ETFs. Speculation linked the price surge to changes in market behavior following legal action against Jane Street. Analysts clarified that ETF market mechanics, including authorized participants using regulatory exemptions, often decouple ETF demand from immediate spot Bitcoin purchases. This structure favors derivatives over spot markets, influencing price discovery and creating volatility, but operates within legal bounds.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Pete_The_Pilot on
Ahh yes the old ETF share creation/redemption loophole
SeemoarAlpha on
Ah yes, Jane Street, where SBF got his start. Perhaps there’s room in his cell for some of the Jane Street executives.
this feel like a trap… its like they are saying, “now its safe to go all in”, and then a few days later ends up dipping again.
aznpridesu on
Crypto is not regulated as much as traditional equities market so they can pretty much do whatever they want and still get away with only slap on a wrist.
DemApples4u on
Might explain the low peak this cycle. Another FTX situation
HSuke on
So Jane Street gets sued for what they did in **~~2022~~ 2023-2024**, and someone starts a complete conspiracy theory about yesterday’s pump with zero evidence?
What’s next, Nancy Guthrie was kidnapped by Jane Street?
Far_Review4292 on
I can’t believe the amount of suckers falling for this. This wont even get to court, it will get laughed out, people are about to find out that Bitcoin isn’t real.
_Commando_ on
This is what all “paper traded assets” are manipulated by, I’m not surprised one bit. Crypto is much smaller market value compared to stocks, bonds, FX, gold, silver etc… so its much easier to manipulate due to volume (lack there of).
Why don’t they go after the other markets as well for same or bigger players?
MaximumStudent1839 on
Wow, this cohort of Bitcoiners are such weak sauce. Gotta find a boogeyman to explain away the old BTC whales activated and dumped on them.
Whatever it is, crypto is crypto. Bitcoin can’t escape it. Alts got VCs/devs to dump on you. BTC has an old holder base cashing out.
Ppl blamed market makers’ “manipulation” for alts underperformance. They all ignore the fact, market makers can manipulate shit if they don’t have coins sold to them by previous holders. And Bitcoiners laughed at alt bagholders’ cope.
But it is pretty crazy, they can’t see through the same problem when it happens to their bag.
Edit: Even funnier is how they obsess over Vitalik selling over a few million. While BTC had whales clipping multi billions and probably a lot of that money will never return to this ecosystem, as some miners funnel them into other speculative sectors like AI.
10 Comments
tldr; Bitcoin’s recent rally has sparked debate about the role of Wall Street market makers, particularly Jane Street, in spot Bitcoin ETFs. Speculation linked the price surge to changes in market behavior following legal action against Jane Street. Analysts clarified that ETF market mechanics, including authorized participants using regulatory exemptions, often decouple ETF demand from immediate spot Bitcoin purchases. This structure favors derivatives over spot markets, influencing price discovery and creating volatility, but operates within legal bounds.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Ahh yes the old ETF share creation/redemption loophole
Ah yes, Jane Street, where SBF got his start. Perhaps there’s room in his cell for some of the Jane Street executives.
>Posts [circulating](https://x.com/bulltheoryio/status/2026744752889315563?s=46) on X claimed that Bitcoin’s roughly 10% climb over two days coincided with the disappearance of a purported intraday selling pattern, suggesting that [legal action](https://decrypt.co/358936/terraform-estate-sues-jane-street-trades-tied-2022-collapse) against Jane Street had altered market behaviour.
this feel like a trap… its like they are saying, “now its safe to go all in”, and then a few days later ends up dipping again.
Crypto is not regulated as much as traditional equities market so they can pretty much do whatever they want and still get away with only slap on a wrist.
Might explain the low peak this cycle. Another FTX situation
So Jane Street gets sued for what they did in **~~2022~~ 2023-2024**, and someone starts a complete conspiracy theory about yesterday’s pump with zero evidence?
What’s next, Nancy Guthrie was kidnapped by Jane Street?
I can’t believe the amount of suckers falling for this. This wont even get to court, it will get laughed out, people are about to find out that Bitcoin isn’t real.
This is what all “paper traded assets” are manipulated by, I’m not surprised one bit. Crypto is much smaller market value compared to stocks, bonds, FX, gold, silver etc… so its much easier to manipulate due to volume (lack there of).
Why don’t they go after the other markets as well for same or bigger players?
Wow, this cohort of Bitcoiners are such weak sauce. Gotta find a boogeyman to explain away the old BTC whales activated and dumped on them.
Whatever it is, crypto is crypto. Bitcoin can’t escape it. Alts got VCs/devs to dump on you. BTC has an old holder base cashing out.
Ppl blamed market makers’ “manipulation” for alts underperformance. They all ignore the fact, market makers can manipulate shit if they don’t have coins sold to them by previous holders. And Bitcoiners laughed at alt bagholders’ cope.
But it is pretty crazy, they can’t see through the same problem when it happens to their bag.
Edit: Even funnier is how they obsess over Vitalik selling over a few million. While BTC had whales clipping multi billions and probably a lot of that money will never return to this ecosystem, as some miners funnel them into other speculative sectors like AI.