US Spot Bitcoin ETFs Driven by Arbitrage, Not Long-Term Demand
The bulk, about 56%, is probably associated with arbitrage strategies as per 10x Research. This indicates that there is much less of a need for Bitcoin in multi-asset portfolios for the long run. Among Bitcoin exchange-traded funds, arbitrage methods have been the norm, with just 44% of inflows being linked to long-term investments, according to … Read more