[Analyst: Strong Inflows into ETH ETFs Likely Driven by Arbitrage Strategies, Not Directional Buying] BlockBeats News, September 15, Bitfinex analysts believe that ETH's recent relative strength compared to BTC may be more attributable to 'cash and arbitrage' strategies rather than purely directional buying. Analysts pointed out that traders might purchase ETH ETFs as collateral while simultaneously trading CME futures to generate returns, which could explain the stronger inflows into ETH ETFs compared to BTC ETFs recently. Last Friday, ETH experienced a short squeeze of approximately $255 million, surpassing BTC's short liquidation of around $172 million during the same period. Therefore, until more spot buying emerges that is not reliant on short squeezes, the strong demand for ETH ETFs is more likely to reflect portfolio allocation rather than a full-scale shift of funds toward ETH. [Original Link]