Demand for Ethereum ETH with leverage has increased by 160% after Trump's victory
Investor demand for leveraged trading products based on Ethereum is rapidly growing, demonstrating momentum that could propel the second-largest cryptocurrency in the world to the psychological mark of $4000.
Investors are increasingly looking to open leveraged Ethereum (ETH) positions, which allow them to temporarily borrow funds to increase the size of the trader's position.
Demand for the VolatilityShares 2x Leveraged Ethereum exchange-traded fund (ETF) has surged over 160% since November 5, according to Vetle Lunde, head of research at K33 Research, who stated in a post on X on November 28:
"Since November 5, the equivalent ETH exposure in the VolatilityShares 2x leveraged ETF for the long position in ETH has increased by 278,150 ETH (+160%!). VolatilityShares now holds more than half of the open interest in ETH on CME (50.1%!!)."