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Grayscale spot bitcoin ETF inflows may be result of short-term trading: Bloomberg ETF analyst

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Bloomberg's James Seyffart offers some theories as to why Grayscale's spot bitcoin ETF logged inflows two days straight.

Grayscale’s spot bitcoin ETF ended a 78-day streak of outflows after registering two consecutive days of net inflows.

"It could be a short-term tactical trade or pairs trade of sorts. Where the fee is far less relevant over shorter time frames," he said. "If market makers are using GBTC as part of making markets, it could cause ," Seyffart said. "It could be someone from a platform where GBTC is the only approved vehicle to get spot bitcoin access."

 

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