3 recent possibilities about recent Bitcoin purchase/s by financial institutions

1. They try to crash it after making a profit, fleecing the public.
2. The recent bidding is caused by the new Bitcoin tracking ETF's management.
3. They use it as an inflation safe gate to the altcoin market, which I doubt because they already had Ripple as a gate to the altcoin market, and it is the banks' own cryptocurrency, so they did not even need the hedge against inflation and even if they had not, I believe Litecoin is a better inflation proof gate due to its lower fees, or did Bitcoin recently lower its fees to fend its viability against Litecoin?

I saw Jamie Dimon mocked for dissing Bitcoin, then allegedly rushing to buy it.
Did JPM buy it? If your answer is yes, how do you know?
Which institute/s manage the new Bitcoin ETF?

Aside:
Steemit.com is evil.
It stole my previous edition of this thread, while not submitting it to the Steem blockchain, so I only restored it from my own memory, and this is not an exact copy of my original thread.
Did such a thing happen at busy.org?