Overview
- Amberdata attributes roughly $4 billion in October–November redemptions to a mechanical basis‑trade unwind concentrated among a few issuers, with total ETF holdings still near 1.43 million BTC.
- Spot bitcoin ETFs recorded a fifth straight day of additions with $58 million in net inflows on Tuesday, per Farside Investors, as BTC traded around $93,000.
- Bitcoin fell from about $125,000 to the low $80,000s during the unwind before rebounding, while perpetual futures open interest dropped roughly 38%, reflecting carry traders closing positions.
- Glassnode reports U.S. spot ETFs now hold about 1.36 million BTC and have shifted liquidity and price discovery toward regulated ETF and CME futures channels.
- Vanguard will allow clients to trade cryptocurrency‑focused ETFs and mutual funds on its platform, broadening access for U.S. investors.