Bitcoin ETFs' 5-week bleed, Metaplanet rejects accusations: Hodlers Digest, Feb. 15 – 22

US-based spot Bitcoin ETFs have shed around $2.6 billion already in 2026; Bitcoin developer Matt Corallo shuts down quantum as the reason for the recent sell-off; and other news.

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.

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