Will Ethereum Skyrocket? Crypto Analyst Predicts $6,000 By September

Quick Summary:

Impact Of Cash And Carry Trades Andrew Kang responded to degentrading’s analysis, highlighting the involvement of large funds like Millennium, which owns $2 billion of the ETF.

"On that thought, the cost of holding a cash and carry would net out $300 million to Millennium and cost the market maker that amount, implying that the delta is borne by a naked delta on the futures,” degentrading retorted.

I would peg the figure at $1-2 billion max.” This leaves an estimated $7 billion in potential inflows, a figure he describes as "highly dependent on assumptions.” Related Reading: Ethereum (ETH) Records Surge In Active Addresses – Incoming Price Rebound?

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustria

Topics: Spot Ethereum ETFs Ethereum Ethereum price Eth price Ethereum price prediction Ether Ethereum news ETH Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-24 @ 08:30:55 (4 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 732 words

Reading Time: 5 minutes read

Sentences: 83 lines

Sentence Length: 9 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 21364914

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