The basis trade has swelled to roughly $1.5 trillion, underscoring the need to closely monitor its size to avoid a repeat of the market eruption seen in 2020, according to Morgan Stanley strategists.

Basis, which is the difference between the futures price and the spot price, is a key indicator of market sentiment and momentum. For crypto futures, a positive basis typically emerges during periods ...

The U.S.-listed spot bitcoin BTC $71,910.23 exchange-traded funds (ETFs) recorded $667.4 million in net inflows on May 19, the largest single-day total since May 2, signaling renewed institutional ...