Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

Strive Eyes $7.9B Distressed Mt. Gox Bitcoin Claims to Accumulate Discounted BTC

May 21, 2025

Flash 2.0 – The Easiest Way To Accept Bitcoin Payments

May 21, 2025

GENIUS Act ‘legitimizes’ stablecoins for global institutional adoption

May 21, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Strive Eyes $7.9B Distressed Mt. Gox Bitcoin Claims to Accumulate Discounted BTC

    May 21, 2025

    Flash 2.0 – The Easiest Way To Accept Bitcoin Payments

    May 21, 2025

    GENIUS Act ‘legitimizes’ stablecoins for global institutional adoption

    May 21, 2025

    Crypto Daybook Americas: BTC Price Eyes New Highs as MetaPlanet Mania Builds

    May 21, 2025

    Bitcoin Suisse eyes UAE expansion with regulatory nod in Abu Dhabi

    May 21, 2025

    Bitcoin ‘blow-off top’ set at $128K with new all-time highs in sight

    May 21, 2025

    Blackstone buys $1M worth of Bitcoin ETF in first crypto bet

    May 21, 2025

    KindlyMD shareholders OK merger with Trump-linked Bitcoin firm

    May 21, 2025

    Arthur Hayes Gives Portfolio Update, Says ‘Nasty Correction’ Could Be Approaching This Year for Crypto

    May 21, 2025

    Ethereum price gained 90% the last time this indicator turned bullish

    May 20, 2025

    Whale Holding $2,190,000,000 in Bitcoin Withdraws More BTC From Binance in Accumulation Spree: Lookonchain

    May 20, 2025

    Price predictions 5/19: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI

    May 19, 2025

    These Crypto Entities Will Be the Largest Holders of US Treasuries in the World, According to Senator Hagerty

    May 21, 2025

    ‘Hawk tuah girl’ Haliey Welch says FBI probed her ‘memecoin disaster’

    May 21, 2025

    Quantum Biopharma adds to crypto holdings

    May 19, 2025

    Crypto.com, Canary launch CRO fund in US

    May 19, 2025

    Strive Eyes $7.9B Distressed Mt. Gox Bitcoin Claims to Accumulate Discounted BTC

    May 21, 2025

    Flash 2.0 – The Easiest Way To Accept Bitcoin Payments

    May 21, 2025

    GENIUS Act ‘legitimizes’ stablecoins for global institutional adoption

    May 21, 2025

    Crypto Daybook Americas: BTC Price Eyes New Highs as MetaPlanet Mania Builds

    May 21, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    JPMorgan Is LYING To You About BITCOIN

    May 20, 2025

    Wall Street's Bitcoin Buying Frenzy: Is a Crypto Bull Run Coming?

    May 20, 2025

    SHOCKING Things Happening w/ Bitcoin Behind the Scenes (DON'T MISS)

    May 20, 2025

    Ripple vs. Coinbase: Circle Bidding War! Who Wins & Why It Matters?

    May 20, 2025

    Microstrategy SUED For LYING About Bitcoin

    May 20, 2025
ApeWatcher News
Home » This year’s top ETF strategy? Shorting Ether — Bloomberg Intelligence
This year’s top ETF strategy? Shorting Ether — Bloomberg Intelligence
Ethereum

This year’s top ETF strategy? Shorting Ether — Bloomberg Intelligence

Coin TelegraphBy Coin TelegraphApril 11, 20250 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Betting against Ether has been the best performing exchange traded fund (ETF) strategy so far in 2025, according to Bloomberg analyst Eric Balchunas.

Two ETFs designed to take two-times leveraged short positions in Ether claimed (ETH) first and second place in a Bloomberg Intelligence ranking of the year’s top-performing funds, Balchunas said in a post on the X platform.  

In the year-to-date, ProShares UltraShort Ether ETF (ETHD) and T Rex 2X Inverse Ether Daily Target ETF (ETQ) are up approximately 247% and 219%, respectively, Bloomberg Intelligence data showed. 

The implications for Ether are “brutal,” Balchunas said. Ether itself is down approximately 54% year-to-date on April 11, according to Cointelegraph’s market data.

Both ETFs use financial derivatives to inversely track Ether’s performance with twice as much volatility as the underlying cryptocurrency. Leveraged ETFs do not always perfectly track their underlying assets. 

Source: Eric Balchunas

Related: Ethereum fees poised for rebound amid L2, blob uptick

Weak revenue performance

With approximately $46 billion in total value locked (TVL), Ethereum is still the most popular blockchain network, according to data from DefiLlama. 

However, its native token performance has sputtered since March 2024, when Ethereum’s Dencun upgrade — designed to cut costs for users — slashed the network’s fee revenues by roughly 95%.

The upgrade kept the network’s revenues depressed, largely because of difficulties monetizing its layer-2 (L2) scaling chains, which host an increasingly large portion of transactions settled on Ethereum. 

“Ethereum’s future will revolve around how effectively it serves as a data availability engine for L2s,” arndxt, author of the Threading on the Edge newsletter, said in a March X post.

Cryptocurrencies, Bitcoin Price, Markets, Futures, Ether Price, Ethereum Price, Ethereum ETF, ETF

Ethereum’s TVL. Source: DeFiLlama

In the week ending March 30, Ethereum earned only 3.18 ETH from transactions on its layer-2 chains, such as Arbitrum and Base, according to data from Etherscan. 

To fully recover Ethereum’s peak fee revenues from before the Dencun upgrade, L2’s transaction volumes would need to increase more than 22,000-fold, according to an X post by Michael Nadeau, founder of The DeFi Report. 

Meanwhile, smart contract platforms — including Ethereum and Solana — suffered across-the-board declines in usage during the first quarter of 2025, asset manager VanEck said in an April report. 

The diminished activity reflects cooling market sentiment as traders brace for US President Donald Trump’s sweeping tariffs and a looming trade war.

Magazine: XRP win leaves Ripple and industry with no crypto legal precedent set

Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Arthur Hayes Gives Portfolio Update, Says ‘Nasty Correction’ Could Be Approaching This Year for Crypto

May 21, 2025

Ethereum price gained 90% the last time this indicator turned bullish

May 20, 2025

Whale Holding $2,190,000,000 in Bitcoin Withdraws More BTC From Binance in Accumulation Spree: Lookonchain

May 20, 2025

Price predictions 5/19: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI

May 19, 2025

Hoskinson promises audit, is ‘deeply hurt’ by $600M Cardano treasury claims

May 19, 2025

US crypto funds top $7.5B inflows in 2025 as investor appetite grows

May 19, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

Strive Eyes $7.9B Distressed Mt. Gox Bitcoin Claims to Accumulate Discounted BTC

May 21, 2025

Flash 2.0 – The Easiest Way To Accept Bitcoin Payments

May 21, 2025

GENIUS Act ‘legitimizes’ stablecoins for global institutional adoption

May 21, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.