Bitcoin potential upside muted by hedge funds shorting futures, Glassnode reports

Despite the impressive flows registered by spot Bitcoin exchange-traded funds (ETFs) in the US have seen impressive inflows, the expected positive impact on the market prices is being hindered by a strategy called "cash-and-carry." According to on-chain analysis firm Glassnode, investors are longing Bitcoin through US Spot ETFs and shorting the asset via futures traded in the CME.The CME Group... source: https://cryptobriefing.com/etf-market-dynamics-analysis/