Jane Street | Crypto

There’s a furious debate about Jane Street’s impact on Bitcoin. Is it suppressing the price… or is that just a conspiracy theory?

There’s a furious debate about Jane Street’s impact on Bitcoin. Is it suppressing the price… or is that just a conspiracy theory?

Crypto traders blame Jane Street for a daily 10 a.m. Bitcoin dip after a Terraform lawsuit claimed dubious trading practices, but analysts say timing matches broader risk repricing. Cryptocurrency investors accused quantitative trading company Jane Street of pressuring Bitcoin’s price with a daily, programmatic sell-off at the US market open, but market analysts and data suggest the pattern is not consistent, and no single company can force Bitcoin into a prolonged bear market. The claims surged online a day after Terraform Labs’ court-appointed administrator sued Jane Street, alleging insider trading tied to transactions that worsened the collapse of Terra’s algorithmic stablecoin ecosystem in May 2022. Several market watchers, including crypto influencer Justin Bechler, have argued that Jane Street’s holding of BlackRock’s iShares Bitcoin Trust exchange-traded fund (ETF), known as IBIT, could mask a net short Bitcoin position through hedges that do not appear in public filings. Bechler argued that Jane Stre...

Bitcoin’s rebound toward $70,000 over the last 24 hours has revived a familiar debate in crypto markets: whether Wall Street firms operating within the spot exchange-traded fund (ETF) ecosystem have gained too much influence over price discovery. The latest target is Jane Street, the quantitative trading firm that is both a major ETF intermediary and […] The post Notice Bitcoin selling off at market open? Jane Street is taking the blame, but the data points elsewhere appeared first on CryptoSlate.

Bitcoin traders had mixed opinions over what caused a BTC price rebound past $66,000 as attention focused on Jane Street selling pressure. Bitcoin (BTC) sought to reclaim $65,000 as support into Wednesday’s Wall Street open as rumors swirled around US institutional pressure. Key points: Bitcoin bounces 2.5% as talk turns to alleged selling pressure from Wall Street trading company Jane Street. Read more

Shares of leading Bitcoin mining companies rose after Jane Street disclosed new holdings on Thursday, extending a months-long rally across publicly traded mining stocks. Shares of crypto miners rallied on Friday, with Bitfarms, Cipher Mining and Hut 8 extending gains after trading company Jane Street disclosed sizable positions in all three Bitcoin mining companies. Filings submitted to the US Securities and Exchange Commission on Thursday show that Jane Street’s trading affiliates own roughly 5.4% of Bitfarms, 5% of Cipher Mining and 5% of Hut 8, representing passive trading positions rather than activist holdings. Following the news, the stocks rallied 8% to 13% on Thursday, and continued to make gains on Friday. Read more

Shares of leading Bitcoin mining companies rose after Jane Street disclosed new holdings on Thursday, extending a months-long rally across publicly traded mining stocks. Shares of crypto miners rallied on Friday, with Bitfarms, Cipher Mining and Hut 8 extending gains after trading company Jane Street disclosed sizable positions in all three Bitcoin mining companies. Filings submitted to the US Securities and Exchange Commission on Thursday show that Jane Street’s trading affiliates own roughly 5.4% of Bitfarms, 5% of Cipher Mining and 5% of Hut 8, representing passive trading positions rather than activist holdings. Following the news, the stocks rallied 8% to 13% on Thursday, and continued to make gains on Friday. Read more

Shares of leading Bitcoin mining companies rose after Jane Street disclosed new holdings on Thursday, extending a months-long rally across publicly traded mining stocks. Shares of crypto miners rallied on Friday, with Bitfarms, Cipher Mining and Hut 8 extending gains after trading company Jane Street disclosed sizable positions in all three Bitcoin mining companies. Filings submitted to the US Securities and Exchange Commission on Thursday show that Jane Street’s trading affiliates own roughly 5.4% of Bitfarms, 5% of Cipher Mining and 5% of Hut 8, representing passive trading positions rather than activist holdings. Following the news, the stocks rallied 8% to 13% on Thursday, and continued to make gains on Friday. Read more