“Traders Can CAPTURE AND ANNUALIZED YIELD OF UP TO 9.5% by shorting ethy on the cme exchange.”, – WRITE: www.coindesk.com
Hedge Funds Are Shorting Ether to the Tune of $ 1.73 Billion on the CME, A Venue favored by institctional traders, accounting to Data from the Block, Which Cites The CFTC. CME DATA ALSO SHOWS THAT ETHER LEVERGED NET TOTALS HAVE SKEWED HEAVILY TO THE SHORT SIDE, Account to X Account Zerohedge.
A Basis Trade Involves Shorting An Asset On One Venue Whilst Simultaneously Buying on Another, Remaining Delta Neutral in Terms of Price Action. In this Case, Traders Can Secure AROUND 9.5% per year by shorting ethy on the cme while buying Spot etfs, of WHICH THERE IS AROUND $ 12 Billion in Assets Under Management.
Data from coinglass shows that on thursday alone there was a record $ 421 Million worth of inflows to ether etfs, a trend that have been Ongoing Since Early May.
Those Shorting Eth Could Secure an Adrational Yield if they Buy Spot eth and Stake It Further 3.5% Per Year. It’s Worth Noting That This Option Isn’t for Spot Etf Purchassers As Custody Is Handled by the Etf Provider.
Bitcoin
Was A Popular Asset for Traders Carrying Out The Basis Trade in 2024 But That Yields Collapsed In March, Which Temporarily Stalled Inflows and Muted Price Action.
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