Recent Inflows Into Spot Bitcoin ETFs: What Does It Mean for Altcoins and the Crypto Market

The Bitcoin market is experiencing unexpected movements, which indicate a rise in the adoption of US-listed spot ETFs for directional plays instead of arbitrage strategies.

The ETFs have witnessed substantial daily interest in the last two weeks, accumulating more than $3B in net inflows. While Ethereum EFTs have also enjoyed high net inflows, open interest in CME features has declined.

This shift indicates that market participants use ETFs for direct bullish bets and not the traditional cash-and-carry strategy. Institutions pair a short position in the CME features and a long position in the ETF to avoid price risks and earn the futures premium.

This new trend could impact the broader crypto market, potentially benefiting altcoins like Best Wallet Token.

Recent Inflows Into Spot Bitcoin ETFs Signal Shifting Market Strategies

According to Farside Investors, since November 20, BTC ETFs have experienced significant daily interest, except November 25 and 26, gathering over $3B in net inflows.

Bitcoin crossed the $100k milestone on December 5, reaching an all-time high of $104,088. That same day, BTC spot ETFs saw a net inflow of $767M. The enthusiasm of crypto traders was rewarded with substantial capital inflows to Spot Bitcoin ETFs and a rise in BTC options trade volume. Bitcoin spot ETFs manage a total AUM of $57.96B, showing sustained institutional interest.

While Ethereum ETFs enjoy $428.5M in net inflows, open interest in CME futures has dropped by nearly 30,000 BTC.

This unusual activity may signify market participants purchasing the ETFs as direct bullish bets instead of using them in a price-neutral cash-and-carry strategy.

Given that ETFs debuted in January, institutions have mainly used them to set up that strategy, including a short position in the CME features and a long position in the ETF. This allows institutions to bypass price risks while pocketing the futures premium, leading to the CME open interest and ETF inflows moving in parallel.

How Best Wallet Token Fits into the Evolving Crypto Landscape

Since Bitcoin’s surge to $100k, traders have been looking for the next altcoin to place their focus on, expecting high returns as the cycle progresses.

Best Wallet Token is a promising investment option. It is the native token of the Best Wallet ecosystem, providing unmatched technology, low transaction fees, governance rights, high staking rewards, and more. In less than a month of its presale launch, the project has managed to raise $2.5M.

The in-app launch is a critical milestone for the ecosystem. It enhances user interaction and utility by providing secure presale functionalities. The token had a private sale before the public one, available only for the Best Wallet members, allowing them exclusive benefits and access to the lowest token prices.

Best Wallet Token offers many advanced features, including the ‘Upcoming Token’ section, which allows users to access exclusive presales of cryptocurrencies before they hit the mainstream.

The numerous learning resources available can benefit beginners as well as experienced users. Moreover, the governance rights will enable users to vote on project-related decisions, showing the project’s focus on its community.

In addition to the high staking rewards and low transaction fees, $BEST token holders enjoy other benefits, like iGaming partnership bonuses and early access to new projects.

It is the first cryptocurrency wallet to use Fireblocks MPC-CMP technology and provide impeccable security. Best Wallet aims to achieve significant goals, one of which is to occupy 40% of the non-custodial wallet market share by the end of 2026.

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