Hedge funds have been aggressively short -ended ether (Eth) Under the recent Uptick to $ 3,000 when trying to harvest a dividend by performing a basic trade.
Hedge funds short -circuit ether to a melody of $ 1.73 billion on CME, a place favored by institutional dealers, according to data from the block citing CFTC. CME data also shows that ether geared net numbers have skewed strongly to the short side, according to the X account zero.
A basic trade involves the short circuit of an asset in one place, while at the same time buying on another, remaining Delta neutral in terms of price action. In this case, dealers can secure about 9.5% a year by mapping ETH on CME while buying Spot -Tfs, of which there are about $ 12 billion in assets under management.
Coinglass data shows that on Thursday alone there was a record $ 421 million influx of influx to ETER ETFS, a trend that has been that since the beginning of May.
The short circuit of ETH could secure a further yield if they buy Spot ETH and stick it for an additional 3.5% per year. It is worth noting that this option is not possible for Spot -Tf buyers as custody is handled by the ETF provider.
Bitcoin
was a popular asset to dealers who performed the foundation in 2024, but the dividend collapsed in March, which temporarily stopped influx and muted price action.
