RATE Group | Despite Recent Bitcoin Price Rally, Investors Not Sold on Ethereum
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Despite Recent Bitcoin Price Rally, Investors Not Sold on Ethereum

28 Jul Despite Recent Bitcoin Price Rally, Investors Not Sold on Ethereum

Posted at 15:54h in Ethereum News by

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Despite Recent Bitcoin Price Rally, Investors Not Sold on EthereumIt’s fair to say that despite a somewhat negative start to 2018, fresh hope surrounding cryptocurrency has been bolstered by a recent bitcoin price rally.

Despite a recent drop of four percent over the past 24 hours due to the US Securities and Exchange Commission denying the Winklevoss bitcoin ETF, the overall picture over the past few weeks has been overwhelmingly positive.

Shorting ether

However, while most onlookers have been watching the movement of bitcoin during recent market trends, something that hasn’t been quite so prominent is the movement surrounding Ethereum.

A crypto hedge fund that came to prominence last year, Tetras Capital is a New York-based fund that currently has around USD 30 million in assets under its management, and it has recently published a 41-page report on why it has decided to short ETH.

Making its initial move in May of this year, Tetras started shorting ether when the price of the cryptocurrency ranged between $572 and…

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