BlockBeats News, February 26 — Market speculation surrounding Jane Street has once again sparked discussions about the trading mechanism of Bitcoin spot ETFs. Analysts point out that the subscription and redemption of spot ETF shares can be carried out by authorized participants (APs) under a regulatory exemption framework, and do not necessarily require the immediate buying and selling of Bitcoin on the open market. In cases of futures contango, APs may also hedge and offset positions through futures and other derivatives, leading to a time lag between ETF capital inflows, spot buying, and short-term price movements.
The report cites industry insiders as saying that this mechanism is a common and legitimate operation method for ETFs, and does not directly imply improper conduct by any single institution. However, it also reflects that Bitcoin price discovery is increasingly influenced by institutional trading venues such as the futures market. (Decrypt)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Monad Co-founder: The conspiracy theory that Jane Street is suppressing Bitcoin below $150,000 is unfounded
Monad Co-founder Keone Hon posted on the X platform to refute the conspiracy theory that Jane Street is suppressing Bitcoin below $150,000, pointing out that the total market position aligns with the total supply of Bitcoin, and any party can decide to short to increase long positions.
GateNewsBot12m ago
Yesterday, the US Bitcoin spot ETF experienced a net inflow of $505.89 million.
ChainCatcher report, according to crypto analyst Trader T monitoring, the US Bitcoin spot ETF has a net inflow of $505.89 million.
GateNewsBot21m ago
The Chen Zhi case and the Zhao Changpeng case: The United States profits nearly $20 billion from them
Author: Yuan Hong, Global Times
On February 26, the China National Computer Virus Emergency Response Center and other departments jointly released the latest report showcasing how the United States leverages technological dominance to harvest global virtual currency assets. According to incomplete statistics, from 2022 to 2025, the U.S. has confiscated over $30 billion worth of global virtual currency assets through various cases, with the Chen Zhi case alone accounting for $15 billion, or 50% of the total.
On the 26th, the China National Computer Virus Emergency Response Center, the National Engineering Laboratory for Computer Virus Prevention and Control Technology, as well as 360 Digital Security Group and Ant Technology Group Co., Ltd., jointly published "The 'Number One Player'—An In-Depth Analysis of the U.S. Technological Hegemony and Global Virtual Currency Asset Harvesting Operations." The report, combining typical cases such as the Chen Zhi case and Zhao Changpeng case, explores the background of blockchain technology and security risks, systematically analyzing how the U.S. exploits technological dominance to harvest global assets.
PANews24m ago
Bitunix News: Iran Accelerates Oil Exports, Middle East Risks Rise, Boosting Safe-Haven Sentiment
Iran accelerates crude oil exports, approaching 19.1 million barrels from February 15 to 20, to mitigate the risk of U.S. military actions. The U.S. takes a tough stance on Iran's nuclear issue, and markets are concerned about escalating conflicts, with gold expected to rise by 15%. Risks to oil supply are driving energy price fluctuations, impacting the crypto market, with BTC facing pressure or potential gains. The core risk lies in the geopolitical situation.
GateNewsBot39m ago
Hut 8 reported an annual loss of $248 million, but a $7 billion AI leasing plan is helping to turn the tide.
Hut 8 reported a net loss of $248 million in 2025, mainly due to unrealized digital asset losses, despite a 45% increase in annual revenue to $235.1 million. The company successfully transitioned into an AI infrastructure developer, signing a $7 billion leasing agreement with Fluidstack, demonstrating long-term growth potential. The stock price still rose over 300% despite the losses.
MarketWhisper1h ago
