Coinbase Research Director: "Largest ETH Short Position in History" is a Gross Exaggeration

Coinbase's Head of Research, David Duong, tweeted that the claim of "the largest short position in $ETH history" is a gross exaggeration. He analyzed that inflows into Ethereum spot ETFs increased significantly in June, with net inflows of $1.16 billion. Driven by greater institutional participation in Chicago Mercantile Exchange (CME) basis trading, inflows into these instruments reached an all-time high. [Foresight News]