A sharp rally in Bitcoin has renewed scrutiny of how spot Bitcoin exchange-traded funds function, after online speculation linked the price move to legal action involving trading firm Jane Street, according to reporting cited by Decrypt. Posts on X suggested Bitcoin’s two-day surge coincided with a change in intraday selling patterns. Analysts say the claims reflect a misunderstanding of ETF mechanics rather than evidence of manipulation. ETF specialists note that authorized participants can create and redeem ETF shares without immediately buying or selling Bitcoin on public exchanges. Jeff Park of ProCap, an adviser ... (full story)