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0 sats \ 1 reply \ @Scoresby 10h \ on: Are Some Whales Abandoning Self Custody? bitcoin
OG whales are trading their old, self custodied bitcoin for the convenience of ETFs
If someone had a pile of bitcoin and sold it in order to buy the same dollar amount of Bitcoin ETF shares, wouldn't we expect this to have no effect on the price?
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0 sats \ 0 replies \ @siggy47 OP 10h
Exactly. In fact that is one of Tom Lee's explanations as to why the price is not soaring.
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