According to Foresight News, as reported by CoinDesk, hedge funds have established a $1.73 billion short position on ETH in CME contracts, using a basis trading strategy to generate profits when ETH rose to $3,000. This trading strategy involves shorting ETH futures on CME while purchasing spot ETF, capturing an annualized yield of up to 9.5%, and the Ethereum ETF recorded a single-day capital inflow of $421 million. Traders can also enhance returns by staking spot ETH, gaining an additional 3.5% yield.
Data: Hedge funds established $1.73 billion in ETH short positions on CME and profited through basis trading strategies
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