Matrixport stated on social media that by mid-December 2024, the inflow of funds into Bitcoin ETFs and open interest in Bitcoin futures both reached around $35 billion. Subsequently, futures positions fell sharply, while Bitcoin ETF fund flows remained relatively stable.

This indicates that short-term traders are exiting, potentially selling their chips to long-term investors. Currently, funding rates and market trading volumes are low, and unless new macro catalysts emerge, the likelihood of significant growth in Bitcoin ETF funds is small.