Did a Hong Kong fund kill Bitcoin? Bithumb’s ‘phantom’ BTC: Asia Express
February 26, 2026
Bitcoin ETF blowup shortlists a handful of Hong Kong funds A popular theory explaining Bitcoin’s recent sell-off points to an Asian fund whose leveraged spot Bitcoin exchange-traded fund (ETF) options trade blew up. Parker White, chief of operations and investments at DeFi Development Corp, said in a viral tweet that a Hong Kong-based company is […]