Simply Bitcoin Did BlackRock Use ETFs to Control Bitcoin’s Price?! | Simply Originals
Feb 27, 2026
Featuring an institutional rep from Morgan Stanley/Citi — discussing plans to offer custody, trading, and make Bitcoin bankable — and Michael Saylor — MicroStrategy CEO and long-time Bitcoin proponent. They tackle claims of ETF-driven price suppression, alleged algo shorting by firms like Jane Street, ETF mechanics muting price discovery, and the rise of institutional custody and lending.
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ETF Structure Dampens Bitcoin Price Discovery
- ETF plumbing can dampen Bitcoin price discovery when authorized participants hedge with futures instead of buying spot.
- Jeff Park and William Wallace explain this structural effect lets ETF shares trade without corresponding spot buying, slowing price appreciation.
Alleged Jane Street Shorting Playbook
- William Wallace recounts Jane Street's alleged playbook of buying spot, opening massive shorts, and using algos to trigger panic selling.
- He describes buying at 68K, crashing price to 62K, closing shorts, rebuying, and repeating for profit.
Bitcoin Adoption Mirrors Long iPhone Adoption Cycle
- Michael Saylor compares Bitcoin's adoption curve to the iPhone, noting long lead times between early product and mass acceptance.
- He cites Apple's 13-year peak-to-peak cycle and endorsement lag from mainstream investors before valuation recovered.