Record ETF flows push BTC to $50k

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For Professional and Institutional Investors

12 Feb 2024

Record ETF flows push BTC to $50k

The past three days have been extraordinarily strong for U.S. ETFs, seeing a three-day net inflow of 30,000 BTC. These flows represent substantial supply absorption from the spot market, contributing heavily to push BTC towards $50,000.

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CME traders are back and bullish

After a post-ETF-lull, active CME traders have re-entered the market in force over the past week. Open interest from active traders is up 48% (22,000 BTC), and CME premiums have pushed back up to Q4 levels of 18%.

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Record ETF flows push BTC to $50k

CME traders are back and bullish

Crypto native traders are also building leverage again

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