---
title: "‘Vast majority’ of ETF flows could be driven by arbitrage: Raoul Pal"
url: https://diffcoin.com/vast-majority-of-etf-flows-could-be-driven-by-arbitrage-raoul-pal/
description: "Retail investors are not a “key driver” of spot Bitcoin ETFs, with a majority of inflows coming from arbitrage trading hedge funds, according to Raoul…"
published: 2024-06-12
updated: 2024-06-12
author: "Mila"
site: "Diffcoin"
---

# ‘Vast majority’ of ETF flows could be driven by arbitrage: Raoul Pal

Retail investors are not a “key driver” of spot Bitcoin ETFs, with a majority of inflows coming from arbitrage trading hedge funds, according to Raoul Pal.

[Source link](https://cointelegraph.com/news/majority-bitcoin-etf-flows-are-hedge-funds-says-raoul-pal)