{"id":11454,"date":"2025-02-05T12:04:19","date_gmt":"2025-02-05T12:04:19","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11454"},"modified":"2025-02-05T12:04:19","modified_gmt":"2025-02-05T12:04:19","slug":"u-s-spot-bitcoin-etf-inflows-surge-over-160-year-over-year","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11454","title":{"rendered":"U.S. Spot Bitcoin ETF Inflows Surge Over 160% Year-Over-Year"},"content":{"rendered":"<div>\n<p>U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) have seen a 166% year-over-year increase in almost the first three weeks of trading. <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/01\/14\/spot-bitcoin-etfs-exceeded-expectations-in-2024-but-just-wait-for-2025\" target=\"_blank\">In 2025<\/a>, from Jan. 13 to Feb. 5, net inflows equaled $4.4 billion, while the 2024 net inflows for the first three weeks equaled $1.6 billion.<\/p>\n<p>The spot bitcoin ETFs were one of the most successful ETF launches of all time, and have accumulated over $40.6 billion in total net inflows. In the same time, BlackRock iShares Trust (IBIT) has seen a total of $40.7 billion in net inflows. While the total net inflow for all 11 spot BTC ETFs is $40.6 billion, due to Grayscale GBTC witnessing outflows of $21.9 billion.<\/p>\n<p>To determine whether these inflows reflect a directional long position or are part of a basis trade\u2014where an investor goes long on the underlying asset in the spot market while simultaneously selling futures contracts when they trade at a premium to spot. <\/p>\n<p>Currently, investors can capture a premium of approximately 10%, which will eventually diminish as the spot price converges with the futures contract&#8217;s expiry.<\/p>\n<p>According to Glassnode data, the Chicago Mercantile Exchange (CME), the primary venue for such trades, has seen a year-to-date decline in open interest from 180,099 BTC to 168,549 BTC, suggesting that these inflows are not primarily driven by basis trading.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) have seen a 166% year-over-year increase in almost the first three weeks of trading. In 2025, from Jan. 13 to Feb. 5, net inflows equaled $4.4 billion, while the 2024 net inflows for the first three weeks equaled $1.6 billion. The spot bitcoin ETFs were one of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11454","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11454"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11454\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}