Bitcoin ETFs are ushering in a 'multi-decade TWAP of buy only,' according to trading execs

Quick Take

  • Flowdesk executives Reed Werbitt and Greg Guttas discuss the impact of spot bitcoin ETFs on market structures and their optimistic outlook on continued inflows in the years to come.

Episode 9 of Season 6 of The Scoop was recorded with The Block's Frank Chaparro, Flowdesk U.S. CEO Reed Werbitt and Flowdesk Head of OTC Greg Guttas.

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Reed Werbitt is the U.S. CEO of the crypto market-making firm Flowdesk, and Greg Guttas is Flowdesk's Head of OTC.

In this episode, Werbitt and Guttas share their insider perspectives on how the new spot bitcoin ETFs are altering market structures across different facets of the global bitcoin market, and why they believe these products will continue to see inflows for many years to come. 

Earlier this year, Flowdesk raised a $50 million Series B round at a valuation of $250 million.


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About Author

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.

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