Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Spread Between Bitcoin Futures and Spot Reaches Highest Level Since Late 2021

Spread Between Bitcoin Futures and Spot Reaches Highest Level Since Late 2021

2024/03/15 16:39
BTC+0.81%

Bitcoin futures basis spreads, the difference between the futures price and the spot price, have grown to their highest level since the digital asset's previous history at the end of 2021, according to The Block. Luuk Strijers, Deribit's chief commercial officer, said that the current basis spreads, which are annualized at 18 to 25 percent, reflect growing market momentum since the ETF's approval in January as well as anticipation of the impact of Bitcoin's halving. He said, "This yield is so incredibly high, it's a very bullish indicator and is being driven by new daily inflows into the system as a result of the approval of the Spot Bitcoin ETF as well as the expected impact of the Bitcoin halving."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
All three major U.S. stock indexes closed higher, reaching new record highs.
2
The US Dollar Index rose by 0.49%, closing at 97.349.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$117,482.11
+1.49%
Ethereum
Ethereum
ETH
$4,592.23
+1.51%
XRP
XRP
XRP
$3.11
+2.36%
Tether USDt
Tether USDt
USDT
$1
-0.02%
BNB
BNB
BNB
$988.28
+3.28%
Solana
Solana
SOL
$248.46
+4.00%
USDC
USDC
USDC
$0.9997
-0.01%
Dogecoin
Dogecoin
DOGE
$0.2821
+3.38%
Cardano
Cardano
ADA
$0.9300
+5.26%
TRON
TRON
TRX
$0.3506
+2.79%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter