Bitcoin (BTC) 'Basis Trade' Unwind Led to Recent $4B ETF Outflows

Recent outflows from U.S.-listed spot bitcoin ETFs were driven by specific arbitrage trade closures, not widespread institutional panic.

Dec 4, 2025 - 19:00
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Bitcoin (BTC) 'Basis Trade' Unwind Led to Recent $4B ETF Outflows
Recent outflows from U.S.-listed spot bitcoin ETFs were driven by specific arbitrage trade closures, not widespread institutional panic.

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