Matrixport: Bitcoin ETF and futures capital inflow, long-term holding demand rebounds

ChainCatcher message, Matrixport released today's chart stating that, based on the daily chart since March 19, Bitcoin ETF funds have been continuously flowing out, and the open interest in the futures market has also decreased accordingly. From January to April, the cumulative net outflow of the ETF approached 5 billion dollars.

However, recently we have observed a large-scale inflow of nearly 3 billion dollars, and the open interest in futures has also increased. Interestingly, the funding rate remains at a low level.

This indicates that the current new inflows of funds mainly come from genuine long-term holding demand, which is more positive overall compared to the ETF buying driven by arbitrage funds at the beginning of the year.