Possibly. ETH is a security so sell the thing that isn't? Shouldn't they be dumping ETH for BTC? I don't know, I'm not a trader.
Discussion
I thought I heard that hedge funds have a percentage of asset types they have to maintain and when one asset needs to be sold the % needs to be rebalanced. This means BTC has to be sold off in tandem with other assets.
I really forget the source of where I heard this and I think it was also back in 2022 with the other crashing and burning of Luna, Celsius, FTX etc.
This is true. Itâs known as the âdenominator effectâ.
This was also seen in the last ~6 months in the real estate markets as funds became over-concentrated in RE after equities fell over the last year
Interesting. Thank you.
ETH isnât a security
the SEC hasn't said those words but they used words that infer that they see it as one.
The Chairman of the SEC has said on several occasions quite explicitly that ETH is a security. The Chairman of the CFTC too made a similar statement in December. This is public record.
Gary beats around the bush and says it without saying it explicitly. If I'm wrong, please show me a source where he says it? I'd like to have evidence to state this in the future. Thanks.
