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 /
npub1h8…zta38
2024-03-12 12:41:36
Author Public Key
npub1h8z77d0mqx8nreltfxzhw5vgv2d2yvfvn7p8nz6ugtafk9ly9tas4zta38Published at
2024-03-12 12:41:36Event JSON
{
"id": "56ee987ef49d8f920ad2654bbe89527da73625260532a61d34f3d7655324cb07",
"pubkey": "b9c5ef35fb018f31e7eb4985775188629aa2312c9f82798b5c42fa9b17e42afb",
"created_at": 1710247296,
"kind": 1,
"tags": [],
"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.",
"sig": "fd22f6cf8dee2a94e8bdf19d8ecd84aaad0c874e61042d6a3677f45cea06e01688e65e689e70a9f556a62ef180f71abbcc4db5d069e60940d969364a4c51d1ea"
}