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'Not Your Market Price': Nick Szabo Questions Who Controls Bitcoin ETF Pricing After Jane Street Allegations
🤖AI Summary
Nick Szabo criticizes Wall Street's control over Bitcoin ETF pricing amid the Jane Street scandal, suggesting that trust in traditional financial institutions is eroding. Capital appears to be flowing out of Bitcoin ETFs back to direct BTC holdings as concerns grow about market manipulation.
Key Takeaways
- →Nick Szabo questions who truly controls Bitcoin ETF pricing mechanisms amid Wall Street controversies.
- →The Jane Street scandal has raised concerns about manipulation in Bitcoin ETF markets.
- →Capital is reportedly moving from Bitcoin ETFs back to direct Bitcoin holdings.
- →Trust in traditional financial institutions handling Bitcoin products is declining.
- →The controversy highlights ongoing tensions between Bitcoin's decentralized nature and Wall Street involvement.
Read Original →via U.Today
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