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Ahead Of The Curve
18 Mar 2024

Souring flows, souring prices?

In this week's market report, we look closer at the potential implications of the frothy derivatives markets, explain why spot Ether ETF denials might be a positive, and discuss why bitcoin's returns have come outside the U.S. market hours.
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ETF flows turn negative while bitcoin retrace
After weeks of strong performances, BTC retraced 12% over the last week. The price decline has coincided with weakened flows to the U.S. spot bitcoin ETFs. After massive inflows to the ETFs Monday through Wednesday last week, net inflows have been shallow or negative since. Still, it’s too early to tell whether this shows saturated spot ETF demand.
Funding rates on offshore exchanges remain high
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