XRP Carry Fund Captures 14.57% Annualized Futures Yield
CFTC data shows leveraged funds sitting on 13,822 outright shorts in Coinbase XRP futures, the same direction as USCC's hedge, while the Bitwise spot ETF holds $531M of XRP on the same desk.
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CFTC data shows leveraged funds sitting on 13,822 outright shorts in Coinbase XRP futures, the same direction as USCC's hedge, while the Bitwise spot ETF holds $531M of XRP on the same desk.
For only the second time on record, 2-year yields pay more than the 3-month futures basis, and the entire off-chain stack reads downstream of that one spread.