A viral theory accusing trading firm Jane Street of deliberately suppressing Bitcoin’s price is facing pushback from crypto investors who say the claims misunderstand how exchange-traded fund (ETF) market structure works. Over the past week, posts on X have alleged that Jane Street, a major authorized participant (AP) in spot Bitcoin ETFs such as BlackRock’s IBIT has been systematically selling Bitcoin around the 10 a.m. ET U.S. market open. According to the theory, the firm pushed prices lower before accumulating ETF shares at a discount. Some users tied the pattern to Bitcoin’s decline from its October peak near ... (full story)