Bitcoin & MicroStrategy: The New Favorite Assets for Hedge Funds
Blackrock IBIT, MicroStrategy - what we know ...
👇1-21) Although Bitcoin ETFs have attracted $38.6 billion in net inflows since their January 2024 launch, our analysis suggests that only $17.5 billion (44%) represents genuine long-only buying. The majority—56%—is likely tied to arbitrage strategies, where short Bitcoin futures positions offset inflows.
Bitcoin ETF Flows (LHS, $ millions) vs. Bitcoin (RHS)
