Here’s the skinny:
- U.S. listed bitcoin ETF inflows in 2025 outshine 2024 by a whooping 175%! 💥
- Total net inflows for U.S.-listed bitcoin ETFs? A whopping $40.6 billion! 🤑
Folks, gather ’round! U.S.-listed spot bitcoin ETFs are making it rain with a 175% year-over-year surge in the first few weeks of trading. In 2025, from Jan. 13 to Feb. 5, net inflows reached $4.4 billion, while 2024 only managed $1.6 billion in the same timeframe.
These ETFs are the cat’s pajamas, raking in over $40.6 billion in total net inflows. Meanwhile, BlackRock iShares Trust (IBIT) has a mere $40.7 billion in net inflows. But, y’know, who’s counting? 😜
Now, are these inflows a long-term bet or a sneaky basis trade? 🕵️♂️ Investors can currently score a 10% premium, but that’ll dwindle as the spot price aligns with the futures contract’s expiry.
Based on Glassnode data, the Chicago Mercantile Exchange (CME) has seen a decline in open interest, hinting that these inflows ain’t just about basis trading. 🐶
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2025-02-05 15:22