Coinbase Premium Gap (CPG) recorded $100 overnight.

This pattern appears when Fidelity (FBTC) makes strong purchases.

After the German government absorbed all the Bitcoin in their ETF last week,

they have started buying Bitcoin directly again.

Although the net inflow has not been announced yet, I expect significant net inflows in FBTC, BITB, or ARKB.

Written by Mignolet