Markets· ★★★· neutral·

Bitfinex: $197M Ethereum ETF inflow is arbitrage, not new demand

  • —Inflows into U.S. Ethereum ETFs totaled $197 million for the week
  • —Bitfinex: funds are going into spot-futures arbitrage via CME
  • —Analysts see no directional demand for ETH in this
Why it matters: ETH ETF inflows can be misleading: a significant portion is arbitrage, not real demand for the asset.
#ETH
Source: Bloomingbit
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