Part 10/14:
Bloomberg analysts suggest that recent Bitcoin inflows into ETFs may stem from wash trading—legal in traditional markets but complicated in crypto due to rules preventing immediate reinvestment after selling assets like GBTC. Some believe that roughly $4 billion worth of Bitcoin has entered ETFs via this route, though other experts argue that actual outflows from GBTC to ETFs have been minimal.
- Government Bitcoin Holdings:
The U.S. government reportedly seized around 2,874 BTC (worth approximately $130 million) from criminal cases like Silk Road. This sale pattern has caused unnecessary panic; the ETF inflows are massive enough to absorb such government-held Bitcoin without impacting the market.
- Is Elon Musk Satoshi?