Bitcoin Bull Hayes Sees Billions Flowing From Traditional Finance To ETFs, With Arbitrage Opportunities Despite Short-Term Bearishness
• Arthur Hayes believes Bitcoin ETFs could attract billions from traditional finance due to market inefficiencies and Bitcoin's uncorrelated behavior.
• Spot Bitcoin ETFs could open new trading opportunities to profit from price differences between US and global markets.
• Hayes expects juicy arbitrage opportunities from spot ETF products, especially those serving China southbound flow.
• ETF-based financing could grow, with banks providing fiat loans against Bitcoin ETF holdings and influencing interest rates.
• Hayes is bearish short-term, expecting a 30% Bitcoin price correction possibly to $38,000 before the next leg up.