$XRP: Bitwise pockets 14% annualized on XRP via futures premium, 97.5% hedged on 15.1M notional Live: $XRP 1.4 (-4.36% 24h) · 24h range 1.38-1.46 · 3.03B USDT 24h vol
Market data shows bitwise Asset Management has locked a 14% annualized yield on XRP futures, exploiting a persistent basis premium that has widened as retail traders bid up use long exposure.
Bitwise captures a 14% annualized yield via XRP cash-and-carry trades, exploiting retail-driven futures premiums with 97.5% hedged exposure worth ~15.1M.
Market data shows bitwise Asset Management has locked a 14% annualized yield on XRP futures, exploiting a persistent basis premium that has widened as retail traders bid up leveraged long exposure.
Per market reports, the firm's 10.8 million XRP custody position, worth roughly 15.1 million at current prices, is 97.5% offset by short futures contracts, creating a near-risk-free carry trade that pays institutions to hold the asset.
Watch the XRP futures basis. if it compresses below 10%, the trade fades fast.
$XRP #XRP #CryptoRegulation #CryptoNews
Market data shows bitwise Asset Management has locked a 14% annualized yield on XRP futures, exploiting a persistent basis premium that has widened as retail traders bid up use long exposure.
Bitwise captures a 14% annualized yield via XRP cash-and-carry trades, exploiting retail-driven futures premiums with 97.5% hedged exposure worth ~15.1M.
Market data shows bitwise Asset Management has locked a 14% annualized yield on XRP futures, exploiting a persistent basis premium that has widened as retail traders bid up leveraged long exposure.
Per market reports, the firm's 10.8 million XRP custody position, worth roughly 15.1 million at current prices, is 97.5% offset by short futures contracts, creating a near-risk-free carry trade that pays institutions to hold the asset.
Watch the XRP futures basis. if it compresses below 10%, the trade fades fast.
$XRP #XRP #CryptoRegulation #CryptoNews