{"id":86447,"date":"2023-11-01T10:21:00","date_gmt":"2023-11-01T08:21:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86447"},"modified":"2025-09-13T05:42:35","modified_gmt":"2025-09-13T02:42:35","slug":"media-jump-trading-poised-to-become-market-maker-for-blackrocks-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/media-jump-trading-poised-to-become-market-maker-for-blackrocks-bitcoin-etf\/","title":{"rendered":"Media: Jump Trading poised to become market maker for BlackRock&#8217;s Bitcoin ETF"},"content":{"rendered":"<p>Jane Street, Jump Trading, Virtu and Hudson River Trading could act as market makers for BlackRock&#8217;s spot Bitcoin-<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> if approved. According to informed sources, <a href=\\\"https:\/\/www.coindesk.com\/business\/2023\/10\/31\/blackrocks-bitcoin-etf-might-have-trading-support-of-heavyweights-like-jane-street-jump-and-virtu-source\/\\\"> CoinDesk<\/a> reports.<\/p>\n<p>\\n\\n<\/p>\n<p>According to crypto media, representatives of the firms have held talks with BlackRock regarding their participation in supporting the product.<\/p>\n<p>\\n\\n<\/p>\n<p>Market makers are responsible for creating and redeeming new ETF shares, smoothing price deviations from <span data-descr=\\\"net asset value\\\" class=\\\"old_tooltip\\\">NAV<\/span>. The need for such participation is demonstrated by<a href=\"https:\/\/forklog.com\/en\/news\/grayscale-bitcoin-trust-up-220-since-january-outpacing-nvidia-shares\"> a deep discount to GBTC<\/a> from Grayscale, the journalists noted.<\/p>\n<p>\\n\\n<\/p>\n<p>The listing of the ETF would allow US-based Jane Street and Jump Trading to effectively return to their home market. In May, media reported<a href=\"https:\/\/forklog.com\/en\/news\/media-jane-street-and-jump-crypto-to-exit-the-united-states-amid-regulatory-pressure\"> their decision to stop trading digital assets<\/a> amid regulatory uncertainty.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier, JPMorgan experts concluded that the new crypto investment product<a href=\"https:\/\/forklog.com\/en\/news\/jpmorgan-sec-to-approve-many-spot-bitcoin-etfs-within-months\"> could be approved<\/a> within months. Specialists noted<a href=\"https:\/\/forklog.com\/en\/news\/sec-will-not-appeal-court-ruling-in-grayscale-case\"> the absence of an appeal<\/a> by the <span data-descr=\\\"U.S. Securities and Exchange Commission\\\" class=\\\"old_tooltip\\\">SEC<\/span> on <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-price-surpasses-27500-after-court-ruling-in-grayscales-favour\"> a court decision<\/a> in the Grayscale case. The court ordered the agency not to impede<a href=\"https:\/\/forklog.com\/en\/news\/dcg-chief-confirms-plans-to-convert-grayscales-bitcoin-trust-into-an-etf\"> the transformation of the bitcoin trust<\/a> into an ETF.<\/p>\n<p>\\n\\n<\/p>\n<p>In July, the SEC <a href=\"https:\/\/forklog.com\/en\/news\/sec-takes-up-review-of-spot-bitcoin-etf-applications\">began considering<\/a> requests for launching spot ETFs based on digital gold from BlackRock, VanEck, Invesco, Fidelity Investments and WisdomTree. Later, <a href=\"https:\/\/forklog.com\/en\/news\/franklin-templeton-files-for-a-spot-bitcoin-etf\"> Franklin Templeton joined<\/a> them.<\/p>\n<p>\\n\\n<\/p>\n<p>In Michael Lewis&#8217;s Going Infinite, Jump Trading is said to have lost $206 million in the<a href=\"https:\/\/forklog.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\"> collapse of the FTX crypto exchange<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CoinDesk: Jane Street, Jump Trading, and Virtu could act as market makers for BlackRock&#8217;s spot Bitcoin-ETF in case of approval.<\/p>\n","protected":false},"author":1,"featured_media":86448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[865,83,569,1373],"class_list":["post-86447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blackrock","tag-business","tag-etf","tag-jump-trading"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=86447"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86447\/revisions"}],"predecessor-version":[{"id":86449,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86447\/revisions\/86449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/86448"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=86447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=86447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=86447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}