Odaily Planet Daily News According to the latest weekly report of the cryptocurrency trading platform Bitfinex, the US spot Bitcoin ETF lost more than $100 million per trading day last week, with a total outflow of $544.1 million. Analysts at the trading platform said that the outflow of funds was a combined result of weak ETF investors responding to short-term negative news and the closing of basis/capital arbitrage caused by negative financing rates. One of the signs of the unwinding of basis/capital arbitrage is the sharp drop in open interest in Bitcoin futures on the Chicago Mercantile Exchange (CME) and other trading platforms. The reduction in positions coincides with the negative financing rates on several exchanges in the past week, and also coincides with the net outflow of ETFs, indicating that the financing arbitrage transactions related to ETF fund flows have been significantly reduced. In view of this, it is important to recognize that not all ETF fund outflows can be interpreted as spot sales. As the short-term trend of crypto assets remains weak, the current market sentiment remains bearish. (CryptoPotato)