Matrixport: Bitcoin ETF and futures funds flow back, long-term holding demand rebounds
Odaily Planet Daily News: Matrixport released today's chart stating that from the daily chart starting from March 19th, Bitcoin ETF funds continue to flow out, and the holdings in the futures market also decrease synchronously. From January to April, the cumulative net outflow of ETFs was nearly $5 billion. But recently we have observed a large-scale inflow of nearly $3 billion, and the number of open futures contracts has also increased accordingly. Interestingly, the funding rate remains at a relatively low level. From this, it can be seen that the current inflow of new funds mainly comes from real long-term holding demand. Compared to ETF buying driven by arbitrage funds at the beginning of the year, the overall bullish signal is more positive.