Not Wise to Fade the MSTR Bid, Nakamoto Upgrade Goes Live

Oct 31, 2024 • 7 Min Read

BTC ETFs See Massive Inflows: Is Crypto Native Capital Sidelined?

BTC ETFs saw over $2.2 billion in net inflows across all spot ETFs from Monday through Wednesday of this week—the largest three-day sum of inflows since the products launched in January—bringing the five-day moving average to north of $500 million. This is certainly impressive and speaks to the explosive breakout we have seen this week.

We've also seen the annualized CME basis move expeditiously higher to above 12%. This is a good reminder that not all of the inflows into the ETFs are direct...

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