[Matrixport: Bitcoin ETF Inflows Slow Down, Narrowing Basis as the Main Cause] According to Deep Tide TechFlow, on February 11, Matrixport published an analysis stating that the inflow of funds into Bitcoin ETFs has significantly slowed down, primarily due to the narrowing of the market basis. The report highlights that retail participation remains sluggish, with trading volume data from the South Korean crypto market showing no significant retail buying demand. Due to the lack of incremental buying support, perpetual contract funding rates have remained low for an extended period, further compressing the profit margin of basis trading (cash-and-carry arbitrage), thereby limiting additional fund inflows into Bitcoin ETFs. Analysts believe this confirms the March 2024 forecast: without retail-driven momentum to push the spot-futures price spread, the pace of institutional fund allocation is unlikely to accelerate, resulting in an extended consolidation phase in the current market.