Bloomberg ETF Analyst Bitcoin Spot ETF Sees Net Inflows of 11 Billion to Date Expecting Selloff from GBTC to Ease in Two Weeks

It is worth noting that while the price of Bitcoin is declining, the open interest (OI) of Bitcoin (BTC) futures on the Chicago Mercantile Exchange (CME) has suddenly decreased significantly, indicating a decreased interest from institutional investors in Bitcoin leveraged exposure. According to CoinGlass data, CME’s open interest has dropped from nearly $6.4 billion near its historical high on January 12 to around $4.5 billion.