The post Bitcoin Whales Positioned ETF Investors To Bear The Losses: Peter Schiff appeared first on Coinpedia Fintech News
Peter Schiff, in an X post, noted that based on the recent trading patterns and ETF inflows, experienced investors are selling Bitcoin on the spot market, while the less experienced ones are purchasing it through ETFs. He implied that whales have strategically positioned ETF investors to bear the brunt of potential losses. Schiff also pointed out that many people who profited from Bitcoin did so more by luck than by skill. On July 5th, Bitcoin inflows witnessed inflows of over $143 million. Fidelity’s FBTC received $117.4 million, and Bitwise’s BITB received over $30 million.