MUMBAI: Over the past few weeks, Bitcoin exchange-traded funds (ETFs) have seen notable inflows, with approximately $2 billion invested last week alone, bringing the total to about $4 billion over the past two and a half to three weeks. This influx indicates a strong interest in Bitcoin ETFs.
However, this surge in investment comes with conflicting metrics. While open interest in futures contracts has increased, other indicators, such as funding rates, have not shown the same aggressive trend, the reports state. The reports further suggest that this discrepancy points to a complex interplay of market forces, primarily driven by sophisticated trading strategies employed by hedge funds.
