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
Polymarket data: The probability of Bitcoin reaching $80,000 in March has increased to 44%
Gate News reported that on March 17, benefiting from the recent sustained rebound in the crypto market, Polymarket prediction market data shows that the probability of Bitcoin reaching $80,000 in March has risen to 44%. At the same time, the probability of Bitcoin falling to $60,000 in March has dropped to 12%.
GateNews6m ago
Institutional Capital Inflows Drive Bitcoin ETF Six Consecutive Days of Net Inflows, BTC Price Rises Over 12% During Period
On March 17, US Bitcoin ETFs achieved net inflows for six consecutive days, with total capital reaching $962.8 million, and Bitcoin price rose more than 12%. Analysts believe that geopolitical tensions and Bitcoin's safe-haven attributes have driven institutional demand, with the market maintaining attention on its future trajectory.
GateNews30m ago
Robert Kiyosaki Warns of Global Market Crash, Bitcoin Could Soar to $750,000
"Rich Dad Poor Dad" author Robert Kiyosaki has issued another warning that global markets could crash, predicting that Bitcoin and hard assets will surge significantly. He forecasts Bitcoin could reach $750,000, emphasizing the importance of holding cash and diversifying investments to navigate market volatility.
GateNews30m ago
Macro Analysts Warn of Private Credit Crisis, Bitcoin May Become Top Safe-Haven Choice
As artificial intelligence intensifies its impact on software revenue, the private credit market faces mounting pressure with default rates climbing to 5.8%. Analysts warn that additional monetary expansion may be necessary, while Bitcoin has emerged as a hedging tool for investors, with its appeal growing amid uncertainty. The market needs to monitor developments in private credit dynamics and the impact of policy adjustments on Bitcoin's price.
GateNews33m ago
