More hedge funds are betting on Tether as crypto melts

Short sellers have ramped up their bets against tether, the world’s largest stablecoin, amid a widespread market sell-off that casts doubt on the financial health of some crypto companies. death.

Over the past month, many traditional hedge funds have executed short Tether trades through Genesis Global Trading Inc., one of the largest crypto brokerages for professional investors. Leon Marshall, Genesis’ head of institutional sales, said these transactions were worth “hundreds of millions” of dollars. He declined to be more specific.

https://www.wsj.com/articles/more-hedge-funds-are-betting-against-tether-as-crypto-melts-down-11656322200?mod=rss_markets_main More hedge funds are betting on Tether as crypto melts

Luke Plunkett

TheHiu.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@thehiu.com. The content will be deleted within 24 hours.

Related Articles

Back to top button