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Robinhood CBO: Most GBTC sellers have invested their funds into another Bitcoin spot ETF

Robinhood CBO: Most GBTC sellers have invested their funds into another Bitcoin spot ETF

2024/01/13 02:29

In an interview, Robinhood's chief brokerage officer Steve Quirk observed that the behavior of traders in the current Bitcoin spot ETF market includes: · 1/3 of buyers sell their shares to rebalance their portfolios · 20% of purchases/sales occur in retirement accounts · Most GBTC sellers have invested their funds into other Bitcoin spot ETFs.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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