🇺🇸 BITCOIN ETFS
Nine hedge funds and banks cut 68,000 BTC of spot Bitcoin ETF exposure as sovereign funds stepped in
💡 Why it matters: Fast money chasing the gap between spot and futures prices (the cash-and-carry trade) is leaving as the profit dries up. Longer-term buyers are replacing it, which could make demand for Bitcoin steadier.
✅ Winners: Long-term Bitcoin holders, ETFs with sticky investors
⚠️ Losers: Arbitrage trades, short-term ETF demand
#Crypto #ETF
Nine hedge funds and banks cut 68,000 BTC of spot Bitcoin ETF exposure as sovereign funds stepped in
💡 Why it matters: Fast money chasing the gap between spot and futures prices (the cash-and-carry trade) is leaving as the profit dries up. Longer-term buyers are replacing it, which could make demand for Bitcoin steadier.
✅ Winners: Long-term Bitcoin holders, ETFs with sticky investors
⚠️ Losers: Arbitrage trades, short-term ETF demand
#Crypto #ETF
