ETF outflows of nearly 5 billion, but the market quietly welcomes new "real money" funds?
Matrixport released a chart today showing that since March 19, Bitcoin ETF funds have continued to outflow, and futures market positions have also declined simultaneously. From January to April, the net outflow of ETFs was close to 5 billion US dollars.
However, recent data has shown a clear reversal: we have observed a large-scale inflow of nearly 3 billion US dollars, and futures open interest has also increased simultaneously. And the funding rate is still low.
This shows that this round of new funds may not be arbitrage, but "real funds" with a greater willingness to hold for the long term. Compared with the short-term game logic of ETFs at the beginning of the year, this wave of market conditions may be healthier and more worthy of attention.
