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Glassnode: Significant increase in spot carry trading strategies as institutional traders leverage CME futures for hedging and yield generation

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2024-10-27 21:42:16
Glassnode's analysis shows a significant increase in spot carry trading strategies, with institutional traders using CME futures for hedging and yield generation. With the current annualized underlying yield around 9.6%, which is almost double the yield on short-term US Treasuries, analysts believe that institutional interest in Bitcoin is likely to continue to grow in the coming months.
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