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Hedge funds and banks cut 68,000 BTC of spot ETF exposure while sovereign funds added
Fact
Galaxy Research found that nine hedge funds and banks cut 68,000 BTC worth of spot ETF exposure as the cash-and-carry trade dried up, while wealth platforms and sovereign funds added.
Our reading: what this means for prices
- Which assets it moves and in which direction
- How long the effect is likely to last
In playBTC
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