Glassnode: Spot Arbitrage Trading Strategies Increase Significantly, Institutional Traders Use CME Futures to Hedge and Generate Gains

Glassnode's analysis shows a significant increase in spot arbitrage trading strategies, with institutional traders utilizing CME futures to hedge and generate income. Given that the current annualized basis yield is around 9.6%, almost double the yield on short-term U.S. Treasuries, analysts believe that institutional interest in Bitcoin is likely to continue to grow in the coming months.