myay
@mhe
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US spot Bitcoin ETFs have generally rebounded in the past week due to the rebound in Bitcoin prices. According to SoSoValue data, these 12 funds recorded a weekly net inflow of $245 million, the third smallest total so far, but an improvement from last week's net outflow of $388 million. However, in terms of net asset value, the largest such fund, BlackRock IBIT, has seen a weekly net outflow for the second consecutive week, despite only having four days in both trading weeks due to holidays. This is the first time that the largest spot Bitcoin ETF in the market has experienced such a continuous decline; Its net asset value (NAV) of $54.3 billion still far exceeds its biggest competitors, Fidelity FBTC and Grayscale GBTC, both of which have a NAV of approximately $20 billion. @ygospy 0 reply
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According to Bloomberg, Bitcoin has fallen back after hitting a historic high, and some traders are seeking to hedge against deeper pullback risks, after the original cryptocurrency surged above $100000 for the first time. According to Amberdata, which tracks data on the digital asset market, put options with exercise prices of $95000 and $100000 have the highest open interest volume in the past 24 hours, and demand for put options in the $75000 and $70000 range has also increased. Luke Olan, a research assistant at cryptocurrency asset management company CoinShares, said, "When we break down by expiration date, we can see that the open interest contracts for put options are mainly concentrated at the end of December and the end of January next year, with some at the end of February next year. This is logically reasonable and can hedge against any possible pullbacks or unexpected situations that may arise from this significant increase @gyozatarochan 0 reply
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