Yesterday, BlackRock's IBIT saw a net inflow of $875 million, setting a record for the highest single-day net inflow!
However, excluding IBIT, the net inflow for other ETFs totaled $2.13 million, while the price slightly declined on the daily line yesterday, maintaining an overall sideways trend;
Need I say more? This also proves that the net inflow of IBIT had no impact on market prices, right?
The biggest characteristic of the recent market is the high premium on CME futures!
Factual data shows that a significant portion of the funds from IBIT clients is arbitrage capital, and it is likely that they are not only arbitraging on CME but across the entire market!
Otherwise, it really cannot explain why, on the day of IBIT's highest single-day net inflow in history, the BTC price barely changed?
What do you think?
