Lookonchain APP

App Store
Feeds Articles

Bloomberg: Wall Street Institutions Exiting Bitcoin ‘Cash and Carry’ Arbitrage

2 hours ago

January 21st (Bloomberg) — A key arbitrage trade in crypto derivatives markets is unwinding. Wall Street firms had previously used a “cash-and-carry” strategy: buying physical Bitcoin while selling futures to capture the spread. But a flood of capital has sharply narrowed that spread, pushing annualized returns down from roughly 17% a year ago to about 4.7% now — barely enough to cover funding costs. Market participants note the era of nearly risk-free high returns may be over, with traders now shifting to more complex strategies in decentralized markets. CME Group reports institutional investors are diversifying away from Bitcoin into other tokens like Ethereum.
Add to Favorites Download image Share x Copy link
Relevant content

US Stocks Mostly Higher at Open, Most Crypto-Related Stocks Up

Jan. 21 — Per Bitget market data, U.S. stocks opened higher, with the Dow Jones Industrial Average (Dow) up 0.12%, the S&P 500 rising 0.2% and the Nasdaq Composite gaining 0.25%. Most crypto-related stocks traded higher at the open: Strategy jumped 1.07%, BitMine gained 0.3%, Coinbase (COIN) rose 0.94% and Circle (CRCL) increased 0.96%.

10 minutes ago

Ondo Global Markets has launched on Solana

On January 21, Ondo Finance announced that its Ondo Global Markets division will expand operations to the Solana blockchain, bringing over 200 tokenized U.S. stocks and ETFs to its 3.2 million daily active users. This move significantly broadens the range of tokenized assets in the Solana ecosystem, covering tech and growth stocks, broad-market and sector-specific ETFs, leveraged long/short ETFs, blue-chip equities, gold, silver and other commodity-linked ETFs, as well as assets tied to sectors like artificial intelligence (AI) and electric vehicles (EVs).

10 minutes ago

Trump: Fed Chair Will Change Stance Once in Office

On January 21, U.S. President Donald Trump stated he will soon announce his pick for the new Federal Reserve Chair, noting the person he has chosen is a "man." The incoming Fed Chair is a highly respected individual, but there is concern that once in office, his stance may change.

10 minutes ago

Coinbase to List Seeker (SKR) for Spot Trading

Coinbase is set to launch spot trading for Seeker (SKR) on January 21, 2026. The SKR-USD trading pair will go live later that day in supported regions, provided liquidity conditions are met.

10 minutes ago

Trump: Hope to Sign Cryptocurrency Bill Soon

Jan. 21 — While attending the World Economic Forum in Davos, former President Trump said Congress is working to establish a regulatory framework for the crypto market and he hopes to sign a crypto bill into law soon.

10 minutes ago

Trump: The stock market went down yesterday because of Greenland, it will double in the future

On January 21st, Trump said yesterday’s stock market drop was due to Greenland, adding the dip was nothing and the market would double. Also, Trump stated: “I will fully support NATO, but I’m not sure they’ll support us.”

10 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

A whale exchanged WIF and Bonk positions for Fartcoin!

2024.12.25 11:01:14

 More

Hot Articles

Follow us

X

Follow

Telegram

Join