• Top Stories of The Week Metaplanet CEO rejects claims it hid details of BTC trades Metaplanet CEO Simon Gerovich pushed back against accusations that the company misled investors about its Bitcoin strategy and disclosures. • Critics on X have argued that Metaplanet delayed or withheld price‑sensitive information about large Bitcoin purchases and options trades funded with shareholder capital, obscured losses from its derivatives strategy and failed to fully disclose key terms of its BTC‑backed borrowings. • In a detailed X post on Friday, Gerovich argued that Metaplanet promptly reported all Bitcoin purchases, option strategies and borrowings, and that critics were misreading its financial statements rather than uncovering misconduct. • Bitcoin ETFs shed $166 million in bad start to year Selling pressure in US-listed spot Bitcoin ETFs continued Thursday, with analysts noting the cryptocurrency is on track for one of its worst yearly starts. • Spot Bitcoin ETFs saw $165.8 million in outflows Thursday, bringing weekly losses to $403.9 million, according to SoSoValue data. • The redemptions moved the funds closer to a possible five-week outflow streak, with year-to-date losses totaling $2.7 billion.
Article Summaries:
- Metaplanet CEO Simon Gerovich denied accusations that the company hid Bitcoin‑trade details, arguing that all purchases, options and borrowings were promptly disclosed. Meanwhile, U.S. spot Bitcoin ETFs continued a steep sell‑off, draining $165.8 million on Thursday and adding to a $403.9 million five‑week outflow streak, with year‑to‑date losses of $2.7 billion and a 21 % drop in trading volume. The White House held a third meeting with crypto and banking lobbyists to refine stablecoin‑reward provisions under the stalled CLARITY Act, but no agreement was reached. Bitcoin developer Matt Corallo dismissed quantum‑computing fears as the cause of the recent 46 % price decline.
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