Why? He emphasizes that these ETFs represent bets on volatility rather than price direction, indicating a preference for shorting these instruments as part of a strategic risk management approach.
With 50 years of market experience, Brandt’s perspective highlights the importance of distinguishing between sound and unsound risk. His observations reveal that the type of speculator attracted to leveraged and inverse ETFs often seeks quick profits, a mentality he advises against.
Thus, on July 11, the total net inflow of spot Bitcoin ETFs was $78.93 million, continuing a five-day trend of positive net inflows. Specifically, the Grayscale ETF (GBTC) experienced a single-day outflow of $37.69 million, while the BlackRock (NYSE:BLK) ETF (IBIT) and the Fidelity ETF (FBTC) saw single-day inflows of $72.09 million and $32.69 million, respectively.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
