🚀 Bitcoin market buzz! Recent activity suggests a shift towards U.S.-listed spot ETFs for direct bullish plays, moving away from traditional arbitrage strategies. Since Nov. 20, these ETFs have attracted over $3 billion, with BlackRock's IBIT seeing a record $693.3 million inflow on Tuesday! 📈

Interestingly, CME futures open interest has dropped by 30,000 BTC, signaling a potential change in market dynamics. While the cash-and-carry strategy remains lucrative, offering a 16% annualized return, the focus seems to be shifting. What do you think is driving this trend? Share your thoughts!