Odaily Daily News reports that Andrew Kang, co-founder of Mechanism Capital, wrote in a post that ETH’s recovery before the ETF listing has peaked at around $3600. Excluding delta-neutral capital flows, the actual net inflow of the ETF was negative yesterday, with a potential rapid withdrawal of about $4-5 billion in funds and leveraged funds. The ETH/BTC ratio may fall to 0.04 or lower, and if it falls to that level, ETH will no longer be an attractive hedging tool.
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Andrew Kang: A taxa de câmbio ETH/BTC pode cair para 0.04 ou menos
Odaily Daily News reports that Andrew Kang, co-founder of Mechanism Capital, wrote in a post that ETH’s recovery before the ETF listing has peaked at around $3600. Excluding delta-neutral capital flows, the actual net inflow of the ETF was negative yesterday, with a potential rapid withdrawal of about $4-5 billion in funds and leveraged funds. The ETH/BTC ratio may fall to 0.04 or lower, and if it falls to that level, ETH will no longer be an attractive hedging tool.