35% of GBTC outflows expected to flow into nine other spot bitcoin ETFs
Bloomberg analyst Eric Balchunas said on the X platform that the forecast for the percentage of GBTC outflows going to the other nine spot bitcoin ETFs has changed slightly from what was previously thought to be 10 per cent, but now it's more like 35 per cent, especially for retirement accounts as tax considerations are not an issue for them.
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.
You may also like
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
The Crypto Fear Index rises to 28, escaping the "Extreme Fear" zone
Analyst: The current macro environment is similar to the pandemic period, and bitcoin still has room to rise
Trending news
MoreCrypto prices
More
