📈Last week, the U.S. spot Bitcoin ETF market witnessed a strong influx of capital with a total value reaching 2.68 billion USD, marking the largest increase since December of last year. Notably, on Thursday, the inflow reached 442 million USD, continuing a streak of 5 consecutive days of increases.

📊🌟Top ETFs:

- BlackRock's iShares Bitcoin Trust (IBIT) leads with 1.3 billion USD.

- Ark's ARKB and 21Shares attracted 97 million USD.

- Fidelity’s Wise Origin Bitcoin Fund also has significant capital.

💹 Market impact:

- Bitcoin's price increased by 1.3% over the past 24 hours, reaching approximately 93,687 USD, demonstrating the resilience of this currency amidst a volatile market.

🔎 Market capitalization and trading volume:

- IBIT currently has a market capitalization of 54 billion USD and recorded a trading volume of 1.5 billion USD on Thursday. Although it is not yet the largest ETF, with strong inflows, IBIT has the potential to become one of the top ETFs in the world.

📉 Basis Trading Strategy:

- Part of the inflow comes from the "basis trading" strategy, where investors hold long-term ETFs and short sell Bitcoin CME futures contracts, with the trading ratio increasing from 5% to nearly 10% since the beginning of April.