Could Coinbase be timing ETF purchases to manipulate the market? Probably not but it’s possible.
They have 12-24 hours to buy bitcoin to back ETF purchases it custodies. They have access to a decent share of the Bitcoin leverage market and general exchange usage. They could theoretically time their buying and selling strategically based off their internal info. I mean we have a liquidation heat map, I’m sure they have something similar. Maybe? Absolutely pure speculation but a thought nonetheless. submitted by /u/Obvireal [link] [comments]
They have 12-24 hours to buy bitcoin to back ETF purchases it custodies. They have access to a decent share of the Bitcoin leverage market and general exchange usage. They could theoretically time their buying and selling strategically based off their internal info. I mean we have a liquidation heat map, I’m sure they have something similar. Maybe? Absolutely pure speculation but a thought nonetheless.
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