10x Research: Only $17.5 billion (44%) of the net inflows into Bitcoin ETFs represent genuine long positions
PANews reported on February 24th that, according to an analysis by 10x Research, despite attracting a net inflow of $38.6 billion since its launch in January 2024, Bitcoin ETFs only represent a true bullish buying of $17.5 billion (44%). The majority (56%) may be related to arbitrage strategies, where short positions in Bitcoin futures offset the capital inflows.
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