July 14, 2025

Ether Sees Record Short Build up as Hedge Funds Pile on Basis Trade

Hedge funds have been aggressively shorting ether (ETH) during the recent uptick to $3,000 as they attempt to harvest a yield by carrying out a basis trade.Hedge funds are shorting ether to the tune of $1.73 billion on the CME, a venue favored by …

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