Good morning.
What’s to stop tradfi institutions from naked shorting GBTC to force outflows and free up coins while staying delta neutral by going long a different etf?
No one talking about this, but I’m pretty sure it’s happening. AlthoughI wouldn’t be surprised if I have some details wrong. I do not buy that this is all bankruptcy liquidations or individuals rotating to lower fee etfs.
Outflows are nearly a perfect match to Blackrock inflows every day.
FTB /
npub1h8z…ta38
2024-03-12 13:41:36
Author Public Key
npub1h8z77d0mqx8nreltfxzhw5vgv2d2yvfvn7p8nz6ugtafk9ly9tas4zta38Published at
2024-03-12 13:41:36Event JSON
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"content": "Good morning.\n\nWhat’s to stop tradfi institutions from naked shorting GBTC to force outflows and free up coins while staying delta neutral by going long a different etf? \n\nNo one talking about this, but I’m pretty sure it’s happening. AlthoughI wouldn’t be surprised if I have some details wrong. I do not buy that this is all bankruptcy liquidations or individuals rotating to lower fee etfs.\n\nOutflows are nearly a perfect match to Blackrock inflows every day.",
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