MadsEberhardt_Steno2024-02-12

Strong Bitcoin ETF Inflow Leads to a Coinbase Premium

The Bitcoin spot ETFs witnessed exceptionally high net inflows, totaling $405 million on Thursday and $541 million on Friday. Within just two days, these ETFs attracted almost $1 billion in Bitcoin net investments, a noteworthy achievement. This surge in net inflows has resulted in the Coinbase Premium Index shifting to a premium almost matching its peak at the start of the year.