Hedge funds have been actively short-circuiting the Ether (ETH) In the recent rise to $3,000, they are trying to reap the yield by conducting basic trade.
Hedge funds cut CME by $1.73 billion, a venue favored by institutional traders, according to data cited by CFTC. CME data also indicates that according to account X Zerohedge.
Basic trade involves shortening assets on one site while purchasing in another, while remaining neutral in terms of price action. In this case, the trader can ensure About 9.5% per year By shortening CME on CME when purchasing spot ETFs, with assets under management of approximately $12 billion.
From Small shop It shows that on Thursday alone, a record $421 million flowed to the Ether ETF, a trend that has been underway since early May.
Those short-circuit ETH If they buy live ETH and add it to 3.5%, then they can get an extra rate of return. It is worth noting that this option cannot be used because the ETF provider handles custody.
Bitcoin
This is a popular asset for traders doing basic trade in 2024 Collapsed in Marchthis temporarily stagnates inflows and silent price action.
