Since their launch on Jan. 11, bitcoin ETFs have attracted a total net inflow of $18.9 billion, representing a remarkable achievement in ETF history.
Despite the impressive inflows into bitcoin ETFs, their trading volume only accounted for about 3% of the total bitcoin trading volume, highlighting their limited market footprint.
The basis trade, a strategy that profits from price differences between the spot and futures markets, is one of the factors contributing to the recent inflows into bitcoin ETFs.
With a total of 869k BTC held across all Bitcoin ETFs, they represent about 4% of the circulating bitcoin supply, showcasing their significant institutional interest.
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