NYDIG, meanwhile, rejected the basis-trade theory, citing the large discount and the lack of an unusual spike in corresponding CME bitcoin futures volume.

BlackRock's IBIT saw $177.95M in Bitcoin redemptions as institutional clients continue repositioning. Here's what the outflows mean for investors.

NYDIG, meanwhile, rejected the basis-trade theory, citing the large discount and the lack of an unusual spike in corresponding CME bitcoin futures volume.