CoinVoice has recently learned that, according to CoinDesk, data from the U.S. Commodity Futures Trading Commission (CFTC) shows that hedge funds have shorted Ethereum worth $1.73 billion on the Chicago Mercantile Exchange (CME), which is favored by institutional traders. CME data also indicates that Ethereum's leveraged net positions are heavily skewed towards shorts.
It is reported that basis trading refers to shorting a certain asset on one platform while buying it on another to maintain a delta-neutral position amid price fluctuations. In this case, traders can achieve an annualized return of approximately 9.5% by shorting ETH on the CME and buying the spot ETF (currently managing an asset size of about $12 billion).
In addition, traders who short ETH can earn an additional annualized return of about 3.5% if they buy spot ETH and stake it. It is worth noting that purchasers of the spot ETF cannot choose this method because Ethereum spot ETFs do not currently support staking services. [Original link]
