SPOT ETF MANIPULATION??? (Patreon)
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I've been noticing a trend where bitcoin falls after the market closes. And it led me to a potential idea that I will monitor carefully going forward. This is my theory!
A $BTC spot ETF could be managed in a way where the fund managers sell ETF shares based on the #Bitcoin price during stock market open hours, and then buy Spot Bitcoin at night when the price falls. This strategy could potentially allow the ETF to profit from daily spreads of around 3%. I have no concrete evidence to confirm that this strategy is being employed. It's worth noting that the T+1 and T+2 OTC (over-the-counter) trading terms refer to the settlement periods for trades, could lead to a lot of potential manipulation🔍
Just sharing my random observations and I don't want to concern anyone.