Leveraged ETH ETF demand up 160% since Trump win — Ether price to $4K?
Bitcoin remaining range-bound below $100,000 may be a net positive for Ether’s price and invite more investment in the world’s second-largest cryptocurrency. Investor demand for leveraged Ether-based trading products is skyrocketing, showcasing momentum that may take the world’s second-largest cryptocurrency over the psychological hurdle of $4,000. Investors are increasingly looking to open leveraged Ether positions that allow the temporary borrowing of funds to enlarge the size of a trader’s position. Demand for leveraged the VolatilityShares 2x Ether exchange-traded fund (ETF) increased more than 160% since Nov. 5, according to Vetle Lunde, head of research at K33 Research, who wrote in a Nov. “Since November 5, the ETH equivalent exposure in the VolatilityShares 2x leveraged long ETH ETF has increased by 278,150 ETH (+160%!). VolatilityShares now hold more than half of CME’s ETH [open interest] (50.1%!!).” The 160% rise in leverage demand occurred in the three weeks sinc...