Bloomberg ETF Analyst: Inflows Into Gray Spot Bitcoin ETFs May Be Result of Short-Term Trading

Bloomberg ETF analysts have come up with some theories about the two consecutive days of inflows into Grayscale's Spot Bitcoin exchange-traded fund. Shades of Gray's Spot Bitcoin ETF ended 78 days of outflows after recording net inflows for two consecutive days. Bloomberg ETF analyst James Seyffart said he's not entirely sure what might be causing the volatility, but there could be several different explanations. He said, "It could be a short-term tactical trade or some sort of hedging trade where the fees are far less important in a shorter time frame."