Bloomberg ETF Analyst: Bitcoin Spot ETF Records Net Inflow of 1.1 Billion RMB, Anticipates Easing Sell-off Caused by GBTC within Two Weeks

Bloomberg ETF Analyst: Bitcoin Spot ETF Records Net Inflow of 1.1 Billion RMB, Anticipates Easing Sell-off Caused by GBTC within Two Weeks

Bloomberg ETF Analyst: Bitcoin Spot ETF Records Net Inflow of 1.1 Billion RMB, Anticipates Easing Sell-off Caused by GBTC within Two Weeks

It is worth noting that while the price of Bitcoin is declining, the open interest (OI) of Bitcoin futures contracts on the Chicago Mercantile Exchange (CME) has suddenly decreased significantly, indicating a waning interest from institutional investors in leveraged exposure to Bitcoin. According to CoinGlass data, CME’s open interest has dropped from nearly $6.4 billion, which was close to its all-time high on January 12th, to approximately $4.5 billion.