MrDecentralize on Nostr: Hedge funds aren’t betting on #Bitcoin—they’re exploiting it. Billions in ETF ...
Hedge funds aren’t betting on #Bitcoin—they’re exploiting it.
Billions in ETF inflows aren’t driving price up because most of it fuels a risk-free arbitrage:
• Buy spot Bitcoin via ETFs
• Short Bitcoin futures on CME
• Pocket the spread, zero price exposure
This is the classic cash-and-carry trade, and it’s soaking up liquidity without real conviction. The real question: What happens when the easy yield dries up?
Billions in ETF inflows aren’t driving price up because most of it fuels a risk-free arbitrage:
• Buy spot Bitcoin via ETFs
• Short Bitcoin futures on CME
• Pocket the spread, zero price exposure
This is the classic cash-and-carry trade, and it’s soaking up liquidity without real conviction. The real question: What happens when the easy yield dries up?