: The primary driver of this decline is the unwinding of the "cash-and-carry" trade.
Annualized yields for shorting futures against spot ETFs have dropped from 20% to just 5%, barely outperforming the risk-free rate of 4.5% . Institutional frenzy continues as CME Bitcoin t...
The frenzy hasn't stopped; it has simply evolved. Institutions are moving away from complex arbitrage and moving toward: : The primary driver of this decline is
The draft story for "Institutional frenzy continues as CME Bitcoin..." focuses on the complex shift in institutional behavior as of . While the "frenzy" of direct accumulation through spot ETFs remains intense, the derivatives market is seeing a "leverage flush" as traditional arbitrage strategies reach a critical turning point. The Institutional Frenzy Continues: A Tale of Two Markets Institutional frenzy continues as CME Bitcoin t...