Institutions are clearly involved, and if you've been following me for a while, you know I’m not saying this because of the ETFs.
- Why ?
Because I don’t consider ETFs as tools dedicated specifically to institutional investors, anyone can get exposure to spot Bitcoin ETFs, and the volumes are still not very significant compared to spot and futures markets.
That said, we should still note that the 30-day average daily inflow sits above $330 million, and that trend continues to hold strong today.
What’s really interesting here is the Coinbase Premium Gap. It’s calculated simply by measuring the price difference between Binance and Coinbase Pro, which is geared towards professional, especially U.S investors.
Today, we can clearly see the involvement of these investors, with a Coinbase Premium Gap sitting at 55 (30 DMA), indicating strong participation from U.S. investors, and by extension, institutional players.
It’s actually the highest level seen this year.
Written by Darkfost
