Jane St Part II: Blackrock???

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Well it turns out apparently to be true. The timing is eerily consistent.

Jane Street is secretive and insanely profitable at this stuff. Jane St were making $80M a day manipulating and pushing down Bitcoin price.

But My Q goes deeper..... the relationship w Blackrock

Jane Street is one of the biggest market makers, authorized participants (APs), and traders in crypto — especially BTC spot, futures, and ETFs. As an AP for major spot BTC ETFs (and their biggest client is BlackRock's IBIT), they handle creations/redemptions: buy/sell huge BTC blocks to arbitrage, hedge, and provide liquidity. How did Blackrock not know about this? IBIT is their biggest money spinner after all???

What they have done is create very visible sell pressure at high-liquidity times like US open (when 50%+ of daily BTC volume now hits).

thanks Investanswers!!