🌟 Photo Sharing Tips: How to Stand Out and Win?
1.Highlight Gate Elements: Include Gate logo, app screens, merchandise or event collab products.
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4.Share Your Story: Sincere captions about your memories, growth, or wishes with Gate add an extra touch and impress the judges.
5.Share on Multiple Platforms: Posting on Twitter (X) boosts your exposure an
Hedge funds are shorting Ethereum on CME for basis arbitrage.
On July 14, according to data from the Commodity Futures Trading Commission (CFTC), hedge funds shorted $1.73 billion worth of Ether on the Chicago Mercantile Exchange (CME), favored by institutional traders. CME data also shows that the leveraged net positions in Ether are heavily skewed towards short positions. It is reported that basis trading refers to shorting a certain asset on one platform while buying on another platform to maintain Delta neutral against price fluctuations. In this case, traders can achieve an annualized return of about 9.5% by shorting ETH on CME and buying the Spot ETF (currently managing approximately $12 billion in assets). Additionally, traders shorting ETH can earn an extra annualized return of about 3.5% if they buy Spot ETH and stake. It is worth noting that buyers of the Spot ETF cannot choose this method, as the Ether Spot ETF currently does not support staking services.