Analyst: ETH ETF Inflows Driven by Arbitrage Strategies
On September 15, Bitfinex analysts stated that the recent strength of ETH relative to BTC is primarily due to "cash and arbitrage" strategies rather than directional buying. The analysts pointed out that traders may be using ETH ETFs as collateral while trading CME futures to generate profits, which explains the stronger inflows into ETH ETFs compared to BTC ETFs recently. Last Friday, ETH experienced a short squeeze of approximately $255 million, surpassing the $172 million in short liquidations for BTC during the same period. Therefore, before more spot buying that does not rely on short squeezes emerges, the strong demand for ETH ETFs is more likely to reflect position allocation rather than a complete shift of funds towards ETH.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Mint launches connected Web3 gaming economy with MNTD rewards

Animoca Brands Suspends Reverse Merger Talks with Currenc, Continues IPO Plans

Optimism Superchain TVL Exceeds 14000 Million

Dom Kwok Expects a Sudden Surge in Crypto Prices

Saudi Arabia Sells Nearly 100 Million Barrels of Crude Oil to Asian Buyers, Taking on Shipping Risks

SoFi Makes Blockchain Invisible in $25 Billion Settlement

Base Network Achieves 7.5 Million Daily Transactions

ACI Integrates with SWIFT, Ripple Listed as Support

Bitget Wallet Surpasses 40 Million Global Downloads

U.S. 5-Year Treasury Auction Yield Hits Highest in 20 Years

Hong Kong Monetary Authority Announces Introduction of Wholesale CBDC and Stablecoin Digital Asset Plans

Robert Kaplan says markets overprice rate hikes, supports October pause

BitcoinHabebe: Market Rebounds, Active Buying Resurfaces

Coinbase scammer gets 4β12 years for nearly $16M theft

Sui Testnet v1.80.1 Released with Protocol 137 Updates

Russia's Oil Product Production Fell by 17.8% in August

US and Iran Reject Proposal for Strait of Hormuz in Indirect Talks in Qatar

48% of Gen Z Finds Emerging Investments Like Cryptocurrency Attractive, US Bank Survey

MoonPay signs agreement to acquire North Capital for $8.7B

Goldman Sachs Asset Management Expects the Federal Reserve Will Not Enter a Sustained Rate Hike Cycle

Goldman Sachs Asset Management Expects the Fed Will Not Enter a Sustained Rate Hike Cycle

StarkWare cuts BTC quantum-resistant transaction cost by 79% to 66 dollars

Patrick Witt Defends Trump's Crypto Investment Persuasiveness, Points to Bank Lobbyists as the Real Force Behind the Clarity Act

Long.xyz Founder Emphasizes Asset Distribution and Scale Growth

FedNow readies cross-border support for U.S. banks

Hassett Questions Federal Reserve's Rate Hike Decision, Claims Core Inflation Nears 2%

Revolut Launches Facial Recognition Checkout System Pay with Smile

AI Agent Jev Expects On-Chain Innovation Through Automated Judgment

Aptos Releases Mainnet Node v1.49.1 for Validators







