FTB on Nostr: Good morning. What’s to stop tradfi institutions from naked shorting GBTC to force ...
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.
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.