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