Bit 🐳 Ish on Nostr: Yeah so etfs are certainly purchasing otc which doesn't directly affect exchange ...
Yeah so etfs are certainly purchasing otc which doesn't directly affect exchange pricing as it never goes through their order books.
But assuming etfs continue buying at this pace forever, at some point those otc supplies will also shrink thus raising otc pricing.
At some point that would push on-exchange pricing up and the broader market. So when does this happen? How do we estimate available otc supply? Who's selling 👀? If this is the case, i'd imagine the rate of large onchain transactions should be increasing. Can anyone plot that and confirm?
But assuming etfs continue buying at this pace forever, at some point those otc supplies will also shrink thus raising otc pricing.
At some point that would push on-exchange pricing up and the broader market. So when does this happen? How do we estimate available otc supply? Who's selling 👀? If this is the case, i'd imagine the rate of large onchain transactions should be increasing. Can anyone plot that and confirm?