For those watching fund flows:
“Jane Street rebalances Bitcoin ETFs: FBTC increases nearly eightfold, IBIT drops 19%”
After this news came out, I’d ask three questions about fund flows:
1. Which way are active buyers and sellers leaning?
2. Can trading volume for $BTC ($2.173 billion over 24 hours) increase significantly?
3. Are any large sums flowing onto exchanges on-chain?
Only when all three point in the same direction does this news really carry weight; otherwise, it’s probably just a passing breeze.
The impact of a single news story is usually not as great as people think.
#BTC
“Jane Street rebalances Bitcoin ETFs: FBTC increases nearly eightfold, IBIT drops 19%”
After this news came out, I’d ask three questions about fund flows:
1. Which way are active buyers and sellers leaning?
2. Can trading volume for $BTC ($2.173 billion over 24 hours) increase significantly?
3. Are any large sums flowing onto exchanges on-chain?
Only when all three point in the same direction does this news really carry weight; otherwise, it’s probably just a passing breeze.
The impact of a single news story is usually not as great as people think.
#BTC