Bitcoin ETFs Hold $95.5B Despite 52% Crash as Basis Trade Dominates Institutional Flows
Spot Bitcoin ETF assets remain at $95.5 billion, with AUM stability driven by basis trade arbitrage and sovereign capital rotation rather than directional accumulation. TLDR Institutional participation in U.S. listed spot Bitcoin ETFs has shifted from aggressive price discovery to structural basis trade management and sovereign diversification. While aggregate assets under management (AUM) remain at…