Bitcoin (BTC) News: 'Basis Trade' Unwind, Not Capitulation, Led to Recent $4B ETF Outflows
The U.S.-listed spot bitcoin BTC$92,492.88 exchange-traded funds (ETFs) saw billions in outflows in recent weeks amid a 35% price plunge from $125,000 to the low $80,000s, sparking talk of institutional capitulation. Yet data analysis by Amberdata presents a far more nuanced picture: concentrated redemptions from “basis trade,” or arbitrage bets closures, not broad panic across...
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