📌 Bitcoin ETF holdings fall in Q4 as 13F cite basis unwind – Data from 13F filings show Q4 Bitcoin ETF outflows driven by a basis trade unwind and tactical repositioning, impacting flows, liquidity and cohort rotation.
$BTC
13F filings show Q4 outflows from #Bitcoin ETFs driven by a basis-trade unwind and tactical manager repositioning, weighing on ETF flows, on‑exchange liquidity and cohort rotation. Net holdings fell as arbitrage desks compressed futures–spot spreads and managers shortened durations, prompting rebalancing across retail and institutional cohorts.
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