Bitcoin (ETF) (ETF) funds that are quoted in the United States have seen an increase of 175% year after year in almost the first three weeks of negotiation. In 2025, from January 13 to February 5, net tickets were equivalent to $ 4.4 billion, while the net tickets of 2024 during the first three weeks were equivalent to $ 1.6 billion.
The Bitcoin Spot ETFs were one of the most successful ETF releases of all time, and have accumulated more than $ 40.6 billion in total net tickets. At the same time, Blackrock Ishares Trust (Ibit) has seen a total of $ 40.7 billion in net tickets. While the total net entrance for the 11 ETF BTC Spot is $ 40.6 billion, due to GBTC testimony outputs of the gray scale of $ 21.9 billion.
To determine if these entries reflect a long directional position or are part of a basic trade, where an investor lasts a lot of time in the underlying asset in the spot market while simultaneously selling futures contracts when they trade with a premium.
Currently, investors can capture a premium of approximately 10%, which will eventually decrease as the spot price converges with the expiration of the futures contract.
According to Glassnode data, the Chicago Mercantile Exchange (CMM), the main place for such operations, has seen a year decrease in the open interest of 180,099 BTC to 168,549 BTC, suggesting that these tickets are not mainly driven by The negotiation base.
