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Wall Street’s Fast Money Fled Bitcoin ETFs, Sovereign Funds Stepped In
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The institutional withdrawal of Bitcoin’s ETFs was not widespread: nine major firms explain more than all the net decline in declared positions, while some sovereign wealth funds and equity managers increased their exposure. Galaxy Research links part of the sales with the lowest yield of an arbitration strategy, whose margin narrowed along with the price gap.
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BITRSSWall Street’s Fast Money Fled Bitcoin ETFs, Sovereign Funds Stepped In
Galaxy Research found that nine hedge funds and banks cut 68,000 BTC worth of spot ETF exposure as the cash-and-carry trade dried up, while wealth platforms and sovereign funds added.
·New York, United States
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