Jane Street is a major authorized participant in spot bitcoin ETFs. That's not a conspiracy. But the mechanics of what APs actually do at market open explain more than most people realize.
ETF inflows suggest institutional sentiment is stabilizing and shifting toward cautious accumulation, one analyst said.
In this week’s Crypto Long & Short Newsletter, Gregory Mall of Lionsoul Global on how ETFs have shifted a growing share of bitcoin volatility into U.S. equity options markets.
Shedding over 17,000 BTC worth of bitcoin ETF shares, Brevan Howard was the firm that reduced its exposure most.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The tumbling crypto market still largely reflects a leverage flush-out rather than a full-blown capitulation, one analyst noted.
A spokesperson for Laurore said the $436 million IBIT stake “reflects personal investment conviction,” as records link it to a mainland China passport holder.
U.S. spot bitcoin ETFs recorded about $316 million in net outflows during the holiday-shortened Presidents' Day trading week.
U.S. spot crypto ETFs saw broad-based redemptions led by bitcoin and ether funds, while Solana products drew fresh inflows, signaling selective institutional rotation rather than a full retreat from digital assets.
The filing provides little detail on the firm or its funding source, leaving the identity of the ultimate investors behind the IBIT position unclear.
Two spot SUI exchange-traded funds hit the market on Wednesday, offering investors direct exposure to the token's price.
Defensive sentiment, falling leverage, and declining ETF exposure suggest the market may be near a bottom, K33 said.
Combined, Mubadala Investment Company and Al Warda Investments held more than $1 billion of BlackRock's iShares Bitcoin ETF (IBIT) at the end of 2025.
Mubadala Investment Company and Al Warda Investments owned over 20 million shares in BlackRock's BTC exchange-traded fund in Q4.
The bank also holds a large put option position on Strategy, potentially capitalizing on the company trading above the value of its BTC holdings.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The shift may be due to complex market dynamics, potentially reflecting the unwinding of a trade that capitalized on bitcoin treasury companies trading at premiums to their mNAV.
Harvard trimmed its Bitcoin exchange-traded fund holdings by 21% in Q4 and opened an $86.8 million Ethereum ETF position.
Rampant speculation on crypto derivatives platforms is fueling volatility and risking bitcoin’s image as a stable hedge, says BlackRock’s digital assets chief.
Companies linked to President Donald Trump are expanding their presence in the cryptocurrency industry, with the Trump Media & Technology Group taking another formal step into digital asset markets. Truth Social Funds, an affiliate of Trump Media, has submitted a registration statement to the US Securities and Exchange Commission (SEC) seeking approval to launch two new cryptocurrency exchange‑traded funds (ETFs). Trump Media Latest Crypto Proposal The filings outline plans for Crypto.com’s native token, Cronos (CRO), the Cronos Yield Maximizer ETF, and the Bitcoin (BTC) and Ethereum (ETH) ETFs. Related Reading: Standard Chartered Lowers Bitcoin Forecast: Predicts Price Dive To $50,000 Before Rebound The Cronos-focused product is designed to provide exposure to CRO, the native token of the Cronos blockchain, while also capturing staking rewards associated with holding the asset. The second fund would track the performance of Bitcoin and Ethereum, the two largest cryptocurrencies by market value, and incorporate Ether staking yields into its strategy. Under the proposed structure, Crypto.com would play a central operational role. The digital asset platform is set to provide custody, liquidity, and staking services for the funds. Meanwhile, Yorkville America Equities has been named as the investment adviser, with the filings indicating a 0.95% annual management fee. Bitcoin Struggles Below $70,000 Friday’s announcement builds on a broader strategic partnership formed last year between Trump Media and Crypto.com. As part of that agreement, Trump Media was set to acquire 684.4 million Cronos (CRO) tokens at an approximate price of $0.153 per token. The transaction was structured as a 50% stock and 50% cash exchange and included the creation of a Trump Media Group CRO Strategy aimed at integrating Cronos into the company’s broader digital asset plans. Related Reading: Cardano Founder Hoskinson Warns Of 90-180 Days Of Pain Ahead: Here’s Why The expansion into crypto-linked investment products comes at a time when Bitcoin continues to face technical resistance. Although the leading cryptocurrency has posted gains of roughly 5% over the past 24 hours, it remains unable to decisively break above the $70,000 level. Shares of Trump Media (DJT) also moved modestly higher during Friday’s trading session, rising about 2.5% to trade near $11.18. Featured image from OpenArt, chart from TradingView.com
Trump Media and Technology Group is looking to list a fund tracking the native token for Crypto.com's Cronos network, and BTC/ETF ETF.
US spot bitcoin ETFs recorded $410 million in outflows as bitcoin fell below $66,000 after stronger-than-expected jobs data.
During a panel discussion at Consensus in Hong Kong, Peach pointed to massive capital pools in traditional finance as ETF adoption spreads across Asia.
It held $1.06 billion in spot bitcoin ETFs and $1 billion in spot Ethereum ETFs as of the end of last year, according to its 13F filing.
Bitcoin price is hovering near the $70,000 mark in early February 2026, a strong drawdown from the late-January highs near $90K. The selloff was sharp, confidence faded quickly, and now the market is stuck watching one range obsessively and that is $60K to $65K. Lose that, and things could get messy fast in shortterm. The …
Analysts at Bernstein said the current bitcoin downturn reflects a crisis of confidence rather than structural damage.
Options trading on BlackRock's spot bitcoin ETF, IBIT, surged to a record 2.33 million contracts on Thursday as bitcoin crashed.
Bitcoin posted one of its single-largest intraday drops on Thursday, falling from roughly $73,100 at open to a low near $62,400.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
That target is “unrealistic” this year, but possible “over the long term” once negative sentiment reverses, according to the analysts.