I've been saying this because I understand it, intuitively.
How does this work functionally through futures? The borrowed ETF part is clear.
Discussion
I’m sure there are many well-thought strategies I have no clue about, but my ape brain says: short futures to push sentiment down and spot prices along with it.
They could do this with “profit” from naked shorting the ETFs.
Most of my thoughts come from reading due diligence in the GameStop saga which I assume can just as easily be applied to the BTC ETFs. nostr:npub1xwmyzp64xx03kw9ecd7fzsj3e9dgwah6an0rdng0cc6ux4dswwjs28pyyc is the Sage here.