Etfs ETF vs Cme 0 ETF vs Cme 0
Bitcoin
This compares Bitcoin ETF net flows against CME futures open interest.
Why it matters
It reveals whether spot ETF demand is accompanied by hedging or basis-trade activity on CME.
How it is built
ETF net flows in BTC are plotted alongside CME futures open interest.
What to watch
Flows matched by rising CME OI suggest basis-trade arbitrage rather than pure directional demand.