Bloomberg ETF Analyst: BTC selling pressure does not come from ETFs, Genesis is only selling GBTC to

日期：2024-03-23 点击数：

Bloomberg senior ETF analyst Eric Balchunas posted on social media that new ETF investors are very strong and the selling pressure comes from other Bitcoin owners. Nine new (excluding GBTC) Bitcoin spot ETFs have seen net inflows of approximately $1.2 billion over the past five days, but have seen prices fall 8%. GBTC did have outflows, but mainly Genesis was selling, but he was just exchanging GBTC stock for spot BTC, so it was a neutral event. All in all, ETFs have been net buyers of BTC, with more inflows to come.

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