🚀 Bitcoin ETFs are making waves in 2024! Since their January launch, they've raked in a whopping $18.9B and now hold around 869k BTC, about 4% of the total supply. 📈

Despite this, ETF trading volume is just 3% of the total Bitcoin market. The "basis trade" is a key driver, where investors profit from the price difference between spot and futures prices. Major players like Goldman Sachs and Jane Street Capital are in the game!

What’s next? As ETF liquidity grows, we could see more net long positions and new opportunities with physically settled options. Share your thoughts below! #Bitcoin #CryptoETFs