How ETFs affected BTC futures trading in the U.S.

How ETFs affected BTC futures trading in the U.S.

The launch of the spot Bitcoin ETFs in the U.S. marked a watershed moment in the crypto industry. While the impact it could have on the global Bitcoin market, like legitimizing it as an asset class or creating more demand, has been analyzed at length, few have focused on its effects on other regulated investment products like futures.
As a spot Bitcoin ETF offers a more direct investment road to cryptocurrencies, it’s important to examine how it influences the Bitcoin futures market. The relationship between these two investment vehicles shows investor sentiment and market trends, and the impact regulation has on crypto trading.
From Jan. 9 to Jan. 15, there was a noticeable decline in the total open interest across all exchanges, decreasing from $17.621 billion to $16.201 billion. This 8.05% drop suggests a reduction in the number of open futures contracts, hinting at either a diminished interest in futures trading or a possible reallocation of investments to other vehicles, such as

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