🟠 20% reduction in Bitcoin ETFs; but the figure of "$28 billion" is wrong
🟠 20% reduction in Bitcoin ETFs; but the figure of "$28 billion" is wrong
🧐 According to published reports, Schonfeld Strategic Advisors reduced part of its position in spot Bitcoin ETFs in the second quarter, and the value of this position dropped from about $479 million to $384 million; meaning a reduction of about $95 million or close to 20%.
💡 Therefore, the figure of $28 billion mentioned in the initial news is not consistent with the published data and is likely a typo or translation error; $28 billion in sales is several times larger than even the total reported position value of this company.
📉 More importantly, the nature of this move: reducing a position does not necessarily mean complete exit or a change of stance regarding Bitcoin. Schonfeld still holds hundreds of millions of dollars in Bitcoin ETFs, and this action can mostly mean position size reduction, risk management, or portfolio rebalancing. In previous reports, this company was one of the major institutional investors in Bitcoin ETFs and had about $479 million in IBIT and FBTC.
🔥 Conclusion: The news of the "20% sale" matches the available data, but the $28 billion figure cannot be confirmed**; more reliable data shows that Schonfeld's position has decreased by about **$95 million and it still maintains a significant portion of its investment in Bitcoin ETFs.
#Bitcoin #ETF #Institutional_Investment #Crypto_Market
🧐 According to published reports, Schonfeld Strategic Advisors reduced part of its position in spot Bitcoin ETFs in the second quarter, and the value of this position dropped from about $479 million to $384 million; meaning a reduction of about $95 million or close to 20%.
💡 Therefore, the figure of $28 billion mentioned in the initial news is not consistent with the published data and is likely a typo or translation error; $28 billion in sales is several times larger than even the total reported position value of this company.
📉 More importantly, the nature of this move: reducing a position does not necessarily mean complete exit or a change of stance regarding Bitcoin. Schonfeld still holds hundreds of millions of dollars in Bitcoin ETFs, and this action can mostly mean position size reduction, risk management, or portfolio rebalancing. In previous reports, this company was one of the major institutional investors in Bitcoin ETFs and had about $479 million in IBIT and FBTC.
🔥 Conclusion: The news of the "20% sale" matches the available data, but the $28 billion figure cannot be confirmed**; more reliable data shows that Schonfeld's position has decreased by about **$95 million and it still maintains a significant portion of its investment in Bitcoin ETFs.
#Bitcoin #ETF #Institutional_Investment #Crypto_Market
Persian original · View this post on Telegram ↗ · Open in the archive · 💬 Discuss in the Coin_Kurd Telegram group · Educational, not financial advice.