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35% of GBTC outflows expected to flow into nine other spot bitcoin ETFs

35% of GBTC outflows expected to flow into nine other spot bitcoin ETFs

2024/01/22 16:43

BTC-0.49%XOLDTOKEN0.00%

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.

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