“We additionally don’t see the state of inflows into spot Bitcoin ETFs as any trigger for concern,” Bitfinex analysts mentioned in an e mail “Although damaging ETF outflows featured closely final week, all of it’s from the Grayscale Bitcoin Belief (GBTC), as traders each change out of the upper charges demanded by GBTC and likewise take revenue, particularly as many of those traders are long-term holders who entered in the course of the bear market.”
