CoinShares research director James Butterfill wrote on the X platform: "Although the net outflow of Bitcoin and digital asset ETP/ETF this week has reached $2.6 billion (a record high), it appears that most of the basis trading has been closed out, and the selling frenzy is subsiding."
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CoinShares Research Director: Most Basis Trades Have Been Closed, and the Selling Wave Appears to Be Receding
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