Markets
Spot bitcoin ETFs post record quarterly inflows as pensions edge in
Filings show allocations from three state retirement systems, a shift from the retail-heavy flows that defined the funds' first year.
By Mara Ellison · · 5 min read
Section
Markets
Markets
Perpetual futures open interest hits a record while spot volume stalls
Leverage is growing faster than the cash market beneath it — a ratio that has preceded every disorderly unwind of the past three years.
By André Mensah · · 6 min read
Markets
Market makers are quietly withdrawing from thin altcoin order books
Three firms have cut the number of pairs they quote, citing inventory risk and listing fees that no longer cover the cost of capital.
By Keiko Tanaka · · 5 min read
Markets
Options skew flips defensive ahead of a heavy expiry
Traders are paying up for downside protection for the first time since spring, though volumes remain modest.
By Mara Ellison · · 4 min read
Markets
Tokenised treasury funds pass a milestone few traders noticed
Assets in on-chain money market products have grown for eleven consecutive months, driven almost entirely by trading firms parking collateral.
By André Mensah · · 6 min read