Benzinga - by Ivan Crnogatić, Benzinga Editor.
Jim Bianco, founder of Bianco Research, expressed his growing concerns about the risks involved with spot Bitcoin ETFs, pointing to potential significant selling pressure ahead.
What Happened: Bianco suggested on social media that these ETFs are primarily held by “paper-handed small-time traders” rather than institutional investors.
Traders may be inclined to sell if the price of Bitcoin drops below their average purchase price.
1/11The more data we get, the more I worry about the risks involved with Spot ETF.