The inflows into the US-listed Bitcoin ETF, IBIT, continue to provide a mixed signal on institutional demand for Bitcoin.
Source
"Bitcoin ETF Inflows Lack Clarity on Institutional Demand" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
According to data from CoinShares, the IBIT has seen significant inflows, but the underlying basis trades may be driven by different motivations.
Basis trades, which involve borrowing and lending Bitcoin to profit from price differences, do not necessarily indicate a bet on rising Bitcoin prices.
BTC · 7D · $83,044−3.6%