Robinhood Chief Brokerage Officer: Most GBTC sellers are transferring funds into another Bitcoin spot ETF

2024-01-13 10:26:48

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ChainCatcher news, Robinhood's Chief Brokerage Officer Steve Quirk mentioned that when discussing user behavior regarding the spot BTC ETF, 1/3 of buyers sell their shares to rebalance their portfolios; 20% of purchases/sales occur within retirement accounts; most GBTC sellers transfer their funds into another Bitcoin spot ETF.

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Robinhood GBTC Bitcoin Spot ETF

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