🚀 Karatage Appoints Shane O'Callaghan as Senior Partner and Head of Institutional Strategy
#Karatage #ShaneOCallaghan #SeniorPartner #InstitutionalStrategy #HedgeFund #IMCTrading #CryptoTrading #Blockchain #DigitalAssets #BusinessDevelopment #CryptoLending #BlockFi #EMEA #CryptoFunds #Investments
According to PANews, London-based proprietary hedge fund Karatage has appointed Shane O'Callaghan as Senior Partner and Head of Institutional Strategy. O'Callaghan previously worked at Dutch market maker IMC Trading, where he served as Global Head of Institutional Partnerships and Digital Asset Sales over the past year. Before joining IMC, he held the position of Global Head of Business Development at crypto trading platform Portofino Technologies and was the Head of the Europe, Middle East, and Africa (EMEA) region at the now-defunct crypto lending institution BlockFi.
Founded in 2017 and headquartered in London, Karatage focuses on investments in digital assets, cryptocurrency funds, and blockchain-related companies.#Karatage #ShaneOCallaghan #SeniorPartner #InstitutionalStrategy #HedgeFund #IMCTrading #CryptoTrading #Blockchain #DigitalAssets #BusinessDevelopment #CryptoLending #BlockFi #EMEA #CryptoFunds #Investments
🚀 Bitcoin Futures Open Interest Hits 14-Month Low Amid Institutional Strategy Shift
#BitcoinFutures #OpenInterest #CME #BasisTrades #InstitutionalStrategy #SpotETFs #FuturesMarket #Leverage #TradingVolume #BlockBeats #Glassnode #CryptoMarket #BTC
On April 11, the open interest in Chicago Mercantile Exchange (CME) Bitcoin futures fell to $8.41 billion, marking its lowest level in 14 months. According to BlockBeats, Glassnode analysts attribute this decline primarily to the unwinding of basis trades. Previously, this strategy involved establishing long positions through spot ETFs and hedging with short futures to earn the spread. However, the annualized returns have recently dropped from 15%-20% to around 5%, prompting institutions to take profits.
Additionally, the daily trading volume of CME Bitcoin futures has decreased to below $3 billion. Analysts suggest that as institutional demand shifts towards directly holding spot assets, the leverage in the futures market is significantly decreasing.#BitcoinFutures #OpenInterest #CME #BasisTrades #InstitutionalStrategy #SpotETFs #FuturesMarket #Leverage #TradingVolume #BlockBeats #Glassnode #CryptoMarket #BTC