ETF analysts at Bloomberg offered some theories about two days of inflows into Grayscale's spot bitcoin exchange-traded fund, which ended 78 days of outflows after recording two consecutive days of net inflows.
James Seyffart, an ETF analyst at Bloomberg, said he was not entirely sure what might have caused the volatility, but there could be several different explanations. "It could be a short-term tactical trade or a hedge of sorts," he said. "In a shorter timeframe, fees are much less important."
Bloomberg ETF analyst: grey release spot bitcoin ETF inflows may be the result of short-term trading
2024-05-07 21:22:54
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