Bitcoin's surge stimulates risk appetite! Leveraged ETFs attract a massive influx of funds.

Zhitong
2024.03.13 00:43
portai
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Bitcoin hit a new all-time high, driving an increased demand for leveraged investment tools. The inflow of funds into leveraged Bitcoin Exchange-Traded Funds (ETFs) based on futures has now become comparable to spot Bitcoin ETFs. Among them, the inflow of funds into VolatilityShares' 2x Bitcoin Strategy ETF is second only to BlackRock and Fidelity Investments' spot Bitcoin ETF. Leveraged Bitcoin ETFs account for nearly 25% of the open interest on the Chicago Mercantile Exchange. The growing demand from investors for leveraged long positions has led to a significant influx of funds into leveraged ETFs. U.S. financial institutions tend to use regulated products, while overseas entities are turning to derivative trading and other channels. Investors are leveraging their bets through various channels in the latest bull market.