The listed area listed in the US Bitcoin (BTC) funds exchanged by the exchange (ETF) found a 166% year-to-year increase in the nearly first three weeks of trading. In 2025From January 13 to Feb.
The Bitcoin ETF area is one of the most successful ETFs of the ETF of all times, and has accumulated more than $ 40.6 billion in the total net flow. At the same time, the Blackrock Ishhares Trust (IBIT) found a total of $ 40.7 billion in net inflows. While the total net inflow for all 11 spots BTC ETF was $ 40.6 billion, due to the Grayscale GBTC witnessed the flows of $ 21.9 billion.
To determine whether these streams reflect a direction long position or part of a base trade -where an investor has long been subject to the underlying owner in the market area while simultaneously selling those contract with futures when they trade in a premium to see.
Currently, investors can capture a premium of approximately 10%, which will eventually be reduced as the price of the area encounters the expiry of the futures contract.
According to glassnode data, the Chicago Mercantile Exchange (CME), the main place for such trade, has seen a year-to-date denial of open interest from 180,099 BTC to 168,549 BTC, suggesting that the These flows are not primarily driven by basic trade.
