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Robinhood CBO: Most GBTC sellers put funds into another Bitcoin spot ETF

Robinhood CBO: Most GBTC sellers put funds into another Bitcoin spot ETF

CointimeCointime2024/01/13 02:37
By:Cointime

Steve Quirk, Chief Brokerage Officer of Robinhood, stated in an interview that he observed the behavior of traders in the current Bitcoin spot ETF market, which includes:

· 1/3 of buyers selling equity to rebalance their investment portfolios

· 20% of purchases/sales occurring in retirement accounts

· Most GBTC sellers have invested their funds in other Bitcoin spot ETFs.

0

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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