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Or due to the resurgence of "basis trading", the Spot Bitcoin ETF attracted over 3 billion USD in a single week.
PANews reported on April 26 that according to Cointelegraph, data shows that on April 25, the 11 Spot Bitcoin ETFs in the United States recorded a net inflow of $380 million, bringing the total net inflow for the week to approximately $3 billion, marking five consecutive trading days of net inflows. This is also the first complete week of consecutive net inflows since March 21. Bloomberg's senior ETF analyst Eric Balchunas noted that the speed of the inflow is remarkable, possibly related to the resurgence of "basis trading." As a result, the total net inflow for April's Spot Bitcoin ETFs has reached approximately $2.26 billion, reversing the previous trend of monthly outflows.