TechFlow reported on February 24 that according to 10x Research analysis, while spot Bitcoin ETFs have attracted $38.6 billion in net inflows since their launch in January 2024, only $17.5 billion (about 44%) represents genuine long buying.
The report指出 that more than half (56%) of the inflows may be related to arbitrage strategies, with traders hedging their ETF positions by shorting Bitcoin futures.




