Odaily星球日报讯 美国商品期货交易委员会（CFTC）最新数据显示，对冲基金正于芝加哥商品交易所（CME）做空总价值达 17.3 亿美元的以太坊头寸，杠杆净持仓呈现显著空头倾向。 这一操作被视为典型的基差套利策略，即交易者在 CME 做空 ETH 合约的同时买入现货 ETF，以实现 Delta 中性并获取年化约 9.5%的收益。此外，若交易者选择买入现货 ETH 并进行质押，还可获得约 3.5%的额外年化回报。 不过值得注意的是，目前以太坊现货 ETF 并不支持质押功能，无法实现额外收益。整体来看，此类套利策略在现货 ETF 总管理资产达约 120 亿美元的背景下，吸引了大量机构关注。（CoinDesk）
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