Bitcoin ETFs Surge with $667M Inflows as CME Exchange Basis Trading Fuels Institutional Demand
U.S. spot Bitcoin ETFs recorded their strongest daily inflows in over two weeks, attracting $667.4 million as institutional players revived basis trading strategies. BlackRock’s IBIT led with $306 million, nearing $46 billion in cumulative net intake since launch.
The resurgence coincides with Bitcoin’s 11-day streak above $100,000, reigniting confidence in crypto-linked investment products. Market-neutral arbitrage—long spot ETFs paired with short CME futures positions—has re-emerged as the primary driver of activity after fading in early Q2.